Answer:
 = 0.66 
Hence, the fraction of the length of the rod above water = 
 = 0.66 
and fraction of the length of the rod submerged in water = 1 - 
 = 1 - 0.66 = 0.34    
Explanation:
Data given:
Density of the rod = 5/9 of the density of the water.
Let's denote density of Water with w
And density of rod with r
So,
r = 5/9 x w
Required:
Fraction of the length of the rod above water. 
Let's denote total length of the rod with L 
and length of the rod above with = y
Let's denote the density of rod = r
And density of water = w
So, the required is:
Fraction of the length of the rod above water = y/L
y/L = ?
In order to find this, we first need to find out the all type of forces acting upon the rod.
We know that, a body will come to equilibrium if the net torque acting upon a body is zero. 
As, we know
F = ma
Density = m/v 
m = Density x volume 
Volume = Area x length = X ( L-y)
So, let's say X is the area of the cross section of the rod, so the forces acting upon it are:
F = mg
F = (Density x volume) x g
g = gravitational acceleration
F1 = X(L-y) x w x g (Force on the length of the rod submerged in water)
where, 
X (L-y) = volume 
w = density of water.
Another force acting upon it is:
F = mg
F2 =  X x L x r x g 
Now, the torques acting upon the body: 
T1 + T2 = 0
F1 ( y + 
 ) g sinФ - F2 x (
) x gsinФ = 0
plug in the  equations of F1 and F2 into the above equation and after simplification, we get:
 = 
 . r
where, w is the density of water and r is the density of rod. 
As we know that,
r = 5/9 x w
So,
 = 
 . 5/9 x w
Hence,
 = 
 
 = 
Taking 
 common and solving for 
, we will get 
 = 0.66 
Hence, the fraction of the length of the rod above water = 
 = 0.66 
and fraction of the length of the rod submerged in water = 1 - 
 = 1 - 0.66 = 0.34