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Business, 04.12.2019 02:31 lol15arec001

The yield rate on a one year zero-coupon bond is currently 7% and the yield rate on a 2-year zero coupon bond is currently 8%. the treasury plans to issue a two year bond with a 9% annual coupon, maturing at $100 par value. determine the yield to maturity of the two year coupon bond.

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