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2. Turkish government bond, which has 4 years to maturity have the yield of 22.4%. Inflation expectation for the first year 9%, second year 10%,
2. Turkish government bond, which has 4 years to maturity have the yield of 22.4%. Inflation expectation for the first year 9%, second year 10%, and 13% thereafter. Maturity risk premium is x*1* 0.1% (For example, if x is 2 and t is 3; it is 0.6%). What is the yield of the 8-years Turkish government bond? x=3
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