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Suppose that all investors expect that interest rates for the years will be as follows: Year 1 2 3 Forward Interest Rate 4%(today) 5% 6%

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Suppose that all investors expect that interest rates for the years will be as follows: Year 1 2 3 Forward Interest Rate 4%(today) 5% 6% 7% What is the yield to maturity of a 3 year zero-coupon bond? Multiple Choice 9005 4.00% 500% None of the options are correct

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