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The yield on one-year zero-coupon bonds is 4% and the yield on two-year zero-coupon bonds is 6%. Both bonds have $100 face value. What is
The yield on one-year zero-coupon bonds is 4% and the yield on two-year zero-coupon bonds is 6%. Both bonds have $100 face value. What is the expected return to buying a two-year zero-coupon bond today and selling it after one year?
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