Problem #$4$: A one year zero coupon bond has an effective annual rate of $11\mathrm{.}5\%.$ A three year zero coupon bond has an

effective annual rate of $14\mathrm{.}5\%.$ If a $3$ year coupon$-$bearing bond that pays coupons of $15\%$ annually has a yield of

$14\mathrm{.}1\%,$ what is the effective annual rate of a two year zero coupon bond?

Problem $=4$ :

Answer as a percentage,

correct to $2$ decimals.

Submit Problem #$4$ for Grading