Question: Problem #5: A one year zero coupon bond has an effective annual rate of 11%. A three year zero coupon bond has an effective annual

Problem #5: A one year zero coupon bond has an effective

Problem #5: A one year zero coupon bond has an effective annual rate of 11%. A three year zero coupon bond has an effective annual rate of 14%. If a 3 year coupon-bearing bond that pays coupons of 12% annually has a yield of 13.6%, what is the effective annual rate of a two year zero coupon bond? Answer as a percentage, correct to 2 decimals. Problem #5 Just Save | | Submit Problem #5 for Grading

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