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The current spot rates for bonds are: r1 = 0.06 r2 = 0.075 r3 = 0.09 You want to sell a 1000, 6% par-value bond

The current spot rates for bonds are: r1 = 0.06 r2 = 0.075 r3 = 0.09 You want to sell a 1000, 6% par-value bond with annual coupons and a three-year term. What should the annual effective yield rate be? (Assume arbitrage-free market)

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