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One-year par rate = 5%, Two-year par rate = 5.97%, Three-year par rate = 6.91%, Four-year par rate = 7.81. From these par rates, you
One-year par rate = 5%, Two-year par rate = 5.97%, Three-year par rate = 6.91%, Four-year par rate = 7.81. From these par rates, you are required to use the bootstrap method to get spot rates for year 1 to year 4 in Excel (show the calculation process as well).
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