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Suppose that all investors expect that interest rates for the 4 years will be as follows: What is the yield to maturity of a 3-year
Suppose that all investors expect that interest rates for the 4 years will
be as follows:
What is the yield to maturity of a 3-year zero-coupon bond?
o 7.03%
o 9.00%
o 6.99%
o 7.49%
o None of the above
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