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Problem 2-14 (LG 2-7) Based on economists' forecasts and analysis, one-year Treasury bill rates and liquidity premiums for the next four years are expected to
Problem 2-14 (LG 2-7) Based on economists' forecasts and analysis, one-year Treasury bill rates and liquidity premiums for the next four years are expected to be as follows: 11= 5.65% E(21)= 6.75% L2 = 0.05% E(31) = 6.85 % 43 = 0.10% E(41) 7.15% -4 = 0.12% Calculate the yield to maturity for four years. (Round your percentage answers to 2 decimal places. (e.g., 32.16)) Yield To Maturity Year 1 5.65 % Year 2 %6 Year 3 Year 4 6.67 %
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