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The price of a 3-year zero coupon government bond is 87.62. The par value of the zero coupon government bond is $100. The price of
The price of a 3-year zero coupon government bond is 87.62. The par value of the zero coupon government bond is $100. The price of a similar 4-year bond is 78.81. What is the yield to maturity (effective annual yield) on the 3-year bond?
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