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Problem 17. Suppose that sa denotes the annual effective yield on a zero coupon bond that matures in k years. For forward interest rates implied

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Problem 17. Suppose that sa denotes the annual effective yield on a zero coupon bond that matures in k years. For forward interest rates implied by the term structure of zero-coupon bond yields, suppose that fn.n+1 denotes the one-year effective forward rate of interest in effect for the one year period starting at time n and ending at time n + 1. Which of the following statements is (are) always true? 1. IF 0

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