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The yield to maturity on one-year zero-coupon bonds is 7.5%. The yieid to maturity on two-year zerocoupon bonds is 8.5%. Required: a. What is the

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The yield to maturity on one-year zero-coupon bonds is 7.5%. The yieid to maturity on two-year zerocoupon bonds is 8.5%. Required: a. What is the forward rate of interest for the second year? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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