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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 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 two-year rate, one year from now?
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