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The following table summarizes prices of various default - free zero - coupon bonds ( expressed as a percentage of the face value ) :
The following table summarizes prices of various defaultfree zerocoupon bondsexpressed as a percentage of the face value: LOADING....
a Compute the yield to maturity for each bond.
b Plot the zerocoupon yield curvefor the first five years
c Is the yield curve upward sloping, downward sloping, or flat?Data table
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