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A 3-year zero-coupon Treasury bond is priced at $940. The par value of the bond is $1,000. What is the annualised zero rate of this
A 3-year zero-coupon Treasury bond is priced at $940. The par value of the bond is $1,000. What is the annualised zero rate of this bond, to 2 decimal places?
A. 0.94%
B. 1.60%
C. 2.08%
D. Something else
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