Question: Determine the yield rate j2j2 using linear interpolation, by first finding an approximate yield using method of averages and then using the next lowest and

Determine the yield rate j2j2 using linear interpolation, by first finding an approximate yield using method of averages and then using the next lowest and highest whole percent in linear interpolation. (i.e. using method of averages you find j2j2 = 5.27%, then use j2j2 = 5% and j2j2 = 6% for linear interpolation)

Face Value	Redemption Value	Bond Interest	Years to Redemption	Purchase Price
5000	103	j2j2 = 5.5%	10	5500

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