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You are considering the purchase of a zero- coupon bond that will mature exactly in 3 years. You observe the following spots and forward rates.
You are considering the purchase of a zero- coupon bond that will mature exactly in 3 years. You observe the following spots and forward rates. 0y1y. 3.5% 0y2y. 3.8% 1y1y. 4.6% 1y2y. 6.7% what is the ...
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