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Assume the zero - coupon yields on default - free securities are as summarized in the following table: * see attached picture * . Consider
Assume the zerocoupon yields on defaultfree securities are as summarized in the following table: see attached picture
Consider a fouryear, defaultfree security with annual coupon payments and a face value of $ that is issued at par. What is the coupon rate of this bond?
Round to three decimal places.
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