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zero-coupon bond yields (spot rates) are 3.50%, 4.00%, 4.50%, and 6.00% for one-,two-,three- and 5 year maturities respectively. What is the rate for a two-

zero-coupon bond yields (spot rates) are 3.50%, 4.00%, 4.50%, and 6.00% for one-,two-,three- and 5 year maturities respectively. What is the rate for a two- year loan beginning in three years? The answer is 8.29% but I just need to see how you get the answer! Thank you! no excel sheet please

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