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1 Maturity (years) Zero-coupon YTM,= 2 5.56% 3 5.56% 4 4.88% 5 4.54% 3.99% Suppose you wanted to lock in an interest rate for an

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1 Maturity (years) Zero-coupon YTM,= 2 5.56% 3 5.56% 4 4.88% 5 4.54% 3.99% Suppose you wanted to lock in an interest rate for an investment that begins in one year and matures in five years. What rate would you obtain if there were no arbitrage opportunities? ... The rate for an investment that begins in one year and matures in five years would be %. (Round the final answer two decimal places. Round all intermediate values to four decimal places as needed.)

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