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Consider the following yield curve observed at time 0: Bond | Years to Maturity | Yield to Maturity A 1 6.10% B 2 7.60% C
Consider the following yield curve observed at time 0:
Bond | Years to Maturity | Yield to Maturity
A 1 6.10%
B 2 7.60%
C 3 8.10%
D 4 9.50%
E 5 11.50%
The expected 2-year spot rate two years from time 0 should be equal to: _________
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