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Consider two competing investment alternatives: Strategy A and Strategy B . Strategy A is composed of two consecutive 1 - year investments in zerocoupon bonds.

Consider two competing investment alternatives: Strategy A and Strategy B.
Strategy A is composed of two consecutive 1-year investments in zerocoupon bonds. Strategy B is an equal-sized investment in a 2-year zerocoupon bond with a par value of 1000. Both strategies offer the same total
return

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