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. You observe the following term structure: Effective Annual YTM 1-year zero-coupon bond 5. 08 2-year zero-coupon bond 5. 1 3-year zero-coupon bond 5. 2

. You observe the following term structure: Effective Annual YTM 1-year zero-coupon bond 5. 08 2-year zero-coupon bond 5. 1 3-year zero-coupon bond 5. 2 4-year zero-coupon bond 5.3 a. If you believe...

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