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14. You observe the following Treasury yields (all yields are shown on a bond equivalent basis): Year (Period) Yield to Maturity (%) Spot Rate (%)

14. You observe the following Treasury yields (all yields are shown on a bond equivalent basis): Year (Period) Yield to Maturity (%) Spot Rate (%) 0.5 (1) 10.00 10.00 1.0 (2) 9.75 9.75 1.5 (3) 9.50 9....

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