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The one-year zero-coupon yield is 4%, the forward rate from Year 1 to Year 2 is 5%, and the forward rate from Year 2 to
The one-year zero-coupon yield is 4%, the forward rate from Year 1 to Year 2 is 5%, and the forward rate from Year 2 to Year 3 is 5.5%. What is the three-year zero-coupon bond yield? Round to one deci...
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