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Assume the yield to maturity is 3 . 1 for half year, 3 . 4 % for 1 year, 3 . 8 % for 2

Assume the yield to maturity is 3.1 for half year, 3.4% for 1 year, 3.8% for 2 years, and 4.0 for 3 years. Suppose you want to invest 1 million dollars in the risk-free bonds in year 1 and get repaid in year 3, what could you do to fix the investment return? Show the cash flows associated with your investment strategy.
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