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The following table summarises prices of various default-free zero-coupon bonds (expressed as a percentage of the face value): Maturity Price (per $100 facevalue) 1 year

The following table summarises prices of various default-free zero-coupon bonds (expressed as a percentage of the face value):

Maturity

Price (per $100 facevalue)

1 year

96.9496.94

2 years

92.6092.60

3 years

88.0688.06

4 years

83.2583.25

5 years

78.10

a.The yield on the 1-year bond is%.

(Enter your response as a percent rounded to two decimal places.)

The yield on the 2-year bond is%.

(Enter your response as a percent rounded to two decimal places.)

The yield on the 3-year bond is%.

(Enter your response as a percent rounded to two decimal places.)

The yield on the 4-year bond is%.

(Enter your response as a percent rounded to two decimal places.)

The yield on the 5-year bond is%.

(Enter your response as a percent rounded to two decimal places.)

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