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Assume that the 1-year spot rate on a government bill is 5.25%, and the spot rate for a 2-year bill is 5.75%. What is the

Assume that the 1-year spot rate on a government bill is 5.25%, and the spot rate for a 2-year bill is 5.75%. What is the par rate of a two-year bill? Round your answer to the nearest one-tenth basis point.

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