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Check my work 9 10 points Currently, the term structure is as follows: One-year bonds yield 10.25%, two-year zero-coupon bonds yield 11.25%, three-year and longer

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Check my work 9 10 points Currently, the term structure is as follows: One-year bonds yield 10.25%, two-year zero-coupon bonds yield 11.25%, three-year and longer maturity zero-coupon bonds all yield 12.25%. You are choosing between one, two, and three-year maturity bonds all paying annual coupons of 11.25%. You strongly believe that at year-end the yield curve will be flat at 12.25%. a. Calculate the one year total rate of return for the three bonds. (Do not round Intermediate calculations. Round your answers to 2 decimal places.) oflook Par One Year Three Years Roncea Two Years % One year total rate of return b. Which bond you would buy

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