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Consider the following $1,000 par value zero-coupon bonds: Bond Year to Maturity Yield to Maturity A 1 6.10% B 2 5.10% C 3 9.76% D
Consider the following $1,000 par value zero-coupon bonds: Bond Year to Maturity Yield to Maturity A 1 6.10% B 2 5.10% C 3 9.76% D 4 8.82% E 5 10.90% The expected one-year interest rate three years from now should be __________.
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