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The yield curve for default-free zero-coupon bonds is currently as follows: Assume that the pure expectations hypothesis of the term structure is correct. What is

image text in transcribed The yield curve for default-free zero-coupon bonds is currently as follows: Assume that the pure expectations hypothesis of the term structure is correct. What is the market expectation for the YTM of a one-year zero-coupon bond to be issued a year from now? Enter your answer as a percentage. For example, if your answer is 0.1234 or 12.34%, enter "12.34

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