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Consider the following $1,000 par value zero-coupon bonds: Bond Years to Maturity Yield to Maturity A 1 1.85 % B 2 2.20 % C 3
Consider the following $1,000 par value zero-coupon bonds:
| Bond | Years to Maturity | Yield to Maturity |
| |
| A | 1 | 1.85 | % | |
| B | 2 | 2.20 | % | |
| C | 3 | 3.10 | % | |
| D | 4 | 3.72 | % | |
| E | 5 | 5.01 | % | |
- The expected 1-year interest rate 3 years from now should be ________.
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Finance Applications And Theory
Authors: Marcia Millon Cornett, John R. Nofsinger, Troy Adair
3rd International Edition
1259252221, 9781259252228
