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Time Spot Rate 1 year 4.50% 2 years 5.00% 3 years 5.25% 4 years 5.75% 5 years 6.00% 6 years 5.75% 7 years 5.50% 8

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Time Spot Rate 1 year 4.50% 2 years 5.00% 3 years 5.25% 4 years 5.75% 5 years 6.00% 6 years 5.75% 7 years 5.50% 8 years 5.75% Using the spot rates, compute 1000577. What level of yield rate would produce an equivalent value

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