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Consider the following: today's interest rate for a 15-year bond is 8%; today's interest rate for a 4-year bond is 4%; the interest rate for
Consider the following: today's interest rate for a 15-year bond is 8%; today's interest rate for a 4-year bond is 4%; the interest rate for a 5-year bond, expected in 4 years s 5%. Find the approximate interest rate for a 6-year bond expected in 9 years. Make sure to express your answers as a percentage. Round your answers to the nearest 100th decimal point.
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