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If the incremental spot interest rates for the next three years are as follows: Year (0-1) = 4% Year (1-2) = 6% Year (2-3) =
If the incremental spot interest rates for the next three years are as follows: Year (0-1) = 4% Year (1-2) = 6% Year (2-3) = 8% What is the equivalent annual interest rate compounded annually for this 3-year period?
5.987%
6.013%
6.000%
5.769%
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