Question: Given the yield to maturity on a 3 year zero-coupon bond is 7% and the forward rate for the fourth year is 8%. What is

Given the yield to maturity on a 3 year zero-coupon bond is 7% and the forward rate for the fourth year is 8%. What is the yield to maturity of the four year bond? A. 7.25% B. 8.00% C. 7.00% D. 7.60% E. 7.70%

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