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The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value). What is the yield to maturity for the

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The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value). What is the yield to maturity for the two-year zero-coupon bond? Based upon the information provided, what can you conclude in terms of the yield curve? Explain your conclusion

Maturity (years) Price (per $100 face value) 1 94.52 2 89.68 3 85.40 4 81.65 5 78.35

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