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The six - month and one - year zero rates are both 5 % per annum. For a bond that has a life of 1

The six-month and one-year zero rates are both 5% per annum. For a bond that has a life of 18months and pays a coupon of 6% per annum (with semiannual payments), the bond price is 99(inhundreds). What is the 18-month zero rate?

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