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The current price of a 1 0 0 0 face value 1 year zero coupon bond is 9 2 5 . What is the implied

The current price of a

1000

face value

1

year zero coupon bond is

925 .

What is the implied interest rate?

(

Your answer shojkd be in oerventage terms two decimal places, for example,

1.23 %)

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