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Consider the following $1,000 par value zero-coupon bonds: Bond Year to Maturity Yield to Maturity A 1 7.90% B 2 4.50% C 3 8.76% D
Consider the following $1,000 par value zero-coupon bonds: Bond Year to Maturity Yield to Maturity A 1 7.90% B 2 4.50% C 3 8.76% D 4 9.40% E 5 10.60% The expected one-year interest rate three years from now should be __________. Multiple Choice 12.59 13.59 10.29 11.34
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