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28. Given a one-year zero-coupon bond trading at 100 and promising to pay 105 at maturity and a two- year 5% coupon bond with face

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28. Given a one-year zero-coupon bond trading at 100 and promising to pay 105 at maturity and a two- year 5% coupon bond with face value of 100, annual payments, and trading at 95.45, what's the two- year spot rates? (Hint: use bootstrapping techniques) A. 5.00% B. 6.12% C. 7.00% D. 7.60%

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