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Use the information in the table to calculate the expected spot rate in year 2. Zero Coupon Bond Prices & Yields (FV = $100)

Use the information in the table to calculate the expected spot rate in year 2. Zero Coupon Bond Prices & Yields (FV = $100) Maturity 1 2 Price 7 X % 94.340 88.581 Yield 6.000% 6.250% Express your answer in percentage form rounded to one decimal place.

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