The following information was available as of the close of business June 1, 2004, on...
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The following information was available as of the close of business June 1, 2004, on government of Canada bonds. Coupon 7.00% 11.60% 9.60% Maturity June 1, 2005 June 1, 2006 June 1, 2007 Price 107.85 114.02 108.51 Yield 2.71 3.37 3.50 Calculate the anticipated one-year interest rate for 2006 (up to June 2007). (Do not round intermediate calculations. Round the final answers to 2 decimal places.) Interest rate 2nd year 3rd year %
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