Question: Suppose that the continuous forward rate is r(t) = 0.03 + 0.001t - 0.0002l (t - 10)_+. What is the yield to maturity on a

Suppose that the continuous forward rate is r(t) = 0.03 +

Suppose that the continuous forward rate is r(t) = 0.03 + 0.001t - 0.0002l (t - 10)_+. What is the yield to maturity on a 20-year zero-coupon bond? Here x_+ is the positive part function defined by x_+ = {x, x > 0, 0, x lessthanorequalto 0

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