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You observe the yields of the following Treasury securities ( all yields are shown on a bond - equivalent basis ) . All the securities

You observe the yields of the following Treasury securities (all yields are shown on a bond-equivalent basis). All the securities
maturing from 1.5 years on are selling at par. The 0.5 and 1.0-year securities are zero-coupon instruments. Calculate the
missing spot rate, x.
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