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What is the yield to maturity of a 3-year zero coupon bond? Suppose that all investors expect that interest rates for the 4 years will

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Suppose that all investors expect that interest rates for the 4 years will be as follows: Year Forward interest rate (%) 3% 0 1 4% 2 5% 3 6% What is the yield to maturity of a 3-year zero-coupon bond

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