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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 14% annually has a yield of 13.6%, what is the effective annual rate of a two year zero coupon bond? |
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Business Statistics For Contemporary Decision Making
Authors: Ken Black
9th edition
978-1-119-3208, 9781119334781, 1119334780, 1119320895, 978-1119320890
