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2. A one-year zero-coupon bond has an annual yield of 6.25%. A two-year zero-coupon bond has an annual yield of 7.00%. A three-year zero-coupon bond

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2. A one-year zero-coupon bond has an annual yield of 6.25%. A two-year zero-coupon bond has an annual yield of 7.00%. A three-year zero-coupon bond has an annual yield of 7.50%. A three-year 12% annual coupon bond has a face value of $1,000. Find the yield to maturity on this three-year 12% annual coupon bond. 2. A one-year zero-coupon bond has an annual yield of 6.25%. A two-year zero-coupon bond has an annual yield of 7.00%. A three-year zero-coupon bond has an annual yield of 7.50%. A three-year 12% annual coupon bond has a face value of $1,000. Find the yield to maturity on this three-year 12% annual coupon bond

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