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Lennar Corporation's one-year bond has a yield equal to 6.2%. Suppose that the maturity risk premium (MRP) for all bonds with maturities greater than one
Lennar Corporation's one-year bond has a yield equal to 6.2%. Suppose that the maturity risk premium (MRP) for all bonds with maturities greater than one year is 0.1596 per year [i.e., (t - 1) times 0.15%]. Based on this information, what should be the yield on Lennar's five-year bonds? Your answer should be between 4.58 and 8.12, rounded to 2 decimal places, with no special characters
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