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A two - year Treasury strip has a yield of 3 . 4 % , and the three Treasury strip has a yield of 4
A twoyear Treasury strip has a yield of and the three Treasury strip has a yield of John thinks the oneyear interest rate will be for the rd and he willing to put his money where her mouth isAssume that all securities are zerocoupon securities and that market participates can lead and borrow at the same rate
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