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1 3 . a bond has maturity of 3 years and coupon rate of 3 . 6 0 % . the price is 9 7

13. a bond has maturity of 3 years and coupon rate of 3.60%. the price is 97.99. the six month T-bill rate is 3.6%. the one year T-bill rate is 3.65%. The rate for discounting a 1.5 year zero is 3.7%. the 2.5 year spot rate is 4.19% and the three year spot rate is 4.34. what is the two year spot rate? (round to nearest asis point)

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