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Investors expect one-year interest rates for the next 4 years to be as follows: a. What is the YTM of three-year zero-coupon bonds? b. What

image text in transcribed Investors expect one-year interest rates for the next 4 years to be as follows: a. What is the YTM of three-year zero-coupon bonds? b. What is the price of a three-year zero-coupon bond with face value of $1,000

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