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The one-year spot interest rate is 5% and the annual interest rate on a two-year bond is 6%. What is the expected one-year interest
The one-year spot interest rate is 5% and the annual interest rate on a two-year bond is 6%. What is the expected one-year interest rate in one year's time? Write your answer as a percent to two digits, e.g., write 2.22% as 2.22
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Introduction To Derivatives And Risk Management
Authors: Don M. Chance, Robert Brooks
10th Edition
130510496X, 978-1305104969
