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Suppose the yield on a one-year, zero-coupon bond is 5.05%. The forward rate for year 2 is 3.82%, and the forward rate for year 3

Suppose the yield on a one-year, zero-coupon bond is

5.05%. The forward rate for year 2 is

3.82%, and the forward rate for year 3 is

3.07%. What is the yield to maturity of a zero-coupon bond that matures in three years?

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