Question: A one year zero coupon bond has an effective annual rate of 11% , A three year zero coupon bond has an effective annual rate

A one year zero coupon bond has an effective annual rate
of 11% , A three year zero coupon bond has an effective

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 13% 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

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