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The yield to maturity of a two-year, 10% annual coupon bond with a face value of $100 is 7%. The two- year spot rate is

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The yield to maturity of a two-year, 10% annual coupon bond with a face value of $100 is 7%. The two- year spot rate is 7.1%. Calculate the one-year spot rate. O A. 4.6% OB. 4.8% O C. 5.0% O D. 5.2% O E. 5.4%

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