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23. What is the 3-year spot rate? The following chart of bond yields should be used. Maturity Ann coupon 10% 4% 20% Ann effective yield

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23. What is the 3-year spot rate? The following chart of bond yields should be used. Maturity Ann coupon 10% 4% 20% Ann effective yield 8.000% 8.979% 9.782% wn A. 0.08 B. 0.09 C. 0.10 D. 0.11 E. 0.12

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