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A recently hired junior analyst has observed that the average interest rates (years) on IOUs by Canadians companies, institutions and government agencies are as follow:
A recently hired junior analyst has observed that the average interest rates (years) on IOUs by Canadians companies, institutions and government agencies are as follow: 0.21%(6mths), 1.06%(1yr), 3.42%(3yrs), 4.74%(8yrs), 10.8%(10yrs), 14.8%(15yrs), 19.45%(25years). What explains these figures and how would you make sense of these figures?
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