32. Bootstrapping (LO1) You find that the one-, two-, three-, and four-year interest rates are 4.2 percent,

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32. Bootstrapping (LO1) You find that the one-, two-, three-, and four-year interest rates are 4.2 percent, 4.5 percent, 4.9 percent, and 5.1 percent, respectively. What is the yield to maturity of a four-year bond with an annual coupon rate of 6.5 percent? Hint: Use the bootstrapping technique in Problem 31 to find the price of the bond.

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