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A one year zero coupon bond has an effective annual rate of 10%. A three year zero coupon bond has an effective annual rate of
A one year zero coupon bond has an effective annual rate of 10%. A three year zero coupon bond has an effective annual rate of 13%. If a 3 year coupon-bearing bond that pays coupons of 11.5% annually has a yield of 12.6%, what is the effective annual rate of a two year zero coupon bond?
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
