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14. You observe the following Treasury yields (all yields are shown on a bond-equivalent basis): 263 All the securities maturing from 1.5 years on are

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14. You observe the following Treasury yields (all yields are shown on a bond-equivalent basis): 263 All the securities maturing from 1.5 years on are selling at par. The 0.5-and 1.0-year securities are zero-coupon instruments. a. Calculate the missing spot rates. b. What should the price of a 5% 4-year Treasury security be

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