Question: Please help me to answer this question step by step, the answer is 4.745%. Thanks. Problem 53.11 | Consider a yield curve defined by the

Please help me to answer this question step by step, the answer is 4.745%. Thanks.

Problem 53.11 | Consider a yield curve defined by the following equation: ik = 0.09 +0.002k 0.001k2 where ik is the annual effective rate of return for zero coupon bonds with maturity of k years. Let j be the one-year effective rate during year 5 that is implied by this yield curve. Calculate j

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