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Business, 21.04.2020 23:46 tristansanders0126

If the YTM on a 2 year zero coupon bond that starts today is 5% and the YTM on a 1 year zero coupon bond that starts today is 3%. What does the no-arbitrage condition tell you about the interest rate on a one year bond that starts next year?

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If the YTM on a 2 year zero coupon bond that starts today is 5% and the YTM on a 1 year zero coupon...
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