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The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value): 1 3 4 Maturity (years) Price (per $100

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The following table summarizes prices of various default-free zero-coupon bonds (expressed as a percentage of face value): 1 3 4 Maturity (years) Price (per $100 face value) 2 89.68 5 78.35 94.52 85.40 81.65 The yield to maturity for the three year zero-coupon bond is closest to

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