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Yield to Maturity You are considering investing $1000 for a three year period... You are considering investing $1.000 for a three-year period, beginning January 1.19%

Yield to Maturity

You are considering investing $1000 for a three year period...

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You are considering investing $1.000 for a three-year period, beginning January 1.19% and ending December 31. 1998. The market offers only zero-coupon bonds maturing in one. two or three years. Looking into your crystal ball, you see the following term structure by date of purchase: What is the maximum accumulated value of your investment at the end of three yean, assuming that you hold any bonds that you buy until maturity

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