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India's sovereign bond rating was Baa3 in 2013, implying a default spread of 2.5%. The Indian government issue 10-year bonds at that time in rupees,

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India's sovereign bond rating was Baa3 in 2013, implying a default spread of 2.5%. The Indian government issue 10-year bonds at that time in rupees, with a yield of 7.85%. What is the risk-free rate in rupees? Select one: a. 10.35% b. 5.35% C. 3.45%

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