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Problem #4: A one year zero coupon bond has an effective annual rate of 13%. A three year zero coupon bond has an effective annual

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Problem #4: A one year zero coupon bond has an effective annual rate of 13%. A three year zero coupon bond has an effective annual rate of 16%. If a 3 year coupon-bearing bond that pays coupons of 12.5% annually has a yield of 15.6%, what is the effective annual rate of a two year zero coupon bond? Problem #4: Answer as a percentage, correct to 2 decimals. Just Save Submit Problem #4 for Grading

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