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Today is January 1, 2014, and investors expect the annual risk-free interest rates in 2014 through 2016 to be: What is the yield to maturity

Today is January 1, 2014, and investors expect the annual risk-free interest rates in 2014 through 2016 to be: What is the yield to maturity for Treasury bonds that mature at the end of (a) 2015 (a two-year bond) and (b) 2016 (a three-year bond)? Assume the bonds have no risks

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