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One, two and three-year maturity, default-free zero-coupon bonds have yields-to-maturity of 3%, 4%, and 5% respectively. What is the implied annualized two-year rate, one year
One, two and three-year maturity, default-free zero-coupon bonds have yields-to-maturity of 3%, 4%, and 5% respectively. What is the implied annualized two-year rate, one year from now? A) B) C) D) E) 3.0% 4.0% 5.0% 6.0% None of the above
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