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Consider the following $1,000 par value zero-coupon bonds: Bond Years to Maturity Yield to Maturity A 1 6.00% B 2 7.50% C 3 7.99% D
Consider the following $1,000 par value zero-coupon bonds:
Bond Years to Maturity Yield to Maturity
A 1 6.00%
B 2 7.50%
C 3 7.99%
D 4 8.49%
E 5 10.70%
The expected two-year interest rate three years from now should be __________
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