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Market believes the following: @T= 0, 1-year i = 8% @ T = 1, 1-year i = 10% @T-2, 1-year i = 14% The expected

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Market believes the following: @T= 0, 1-year i = 8% @ T = 1, 1-year i = 10% @T-2, 1-year i = 14% The expected YTM on a 3 year bond should be about Select one: a. 30% b. 14% c.21.46% d. 10.64%

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