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Suppose that the yield to maturity of zero-coupon risk-free bond from today to year 3 is 6%. Yield to maturity is expressed as an annualized
Suppose that the yield to maturity of zero-coupon risk-free bond from today to year 3 is 6%. Yield to maturity is expressed as an annualized percentage rate compounded annually. What is the annualized zero-spot rate from today to year 3 with annual compounding? Great than 6% O Less than 6% Equal to 6% O Not enough information to
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