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A one year zero coupon bond has an effective annual rate of 11%. A three year zero coupon bond has an effective annual rate of
A one year zero coupon bond has an effective annual rate of 11%. A three year zero coupon bond has an effective annual rate of 14%. If a 3 year coupon-bearing bond that pays coupons of 13% annually has a yield of 13.6%, what is the effective annual rate of a two year zero coupon bond? Answer as a percentage, correct to 2 decimals. Just Save Submit Problem #4 for Grading
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