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Under Exponential Interpolation,if He tit _ { i } -Tear Yield Is

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Under exponential interpolation,if he tit _ { i } -tear yield is y(ti) y \left( t _ { i } \right) , i=1,2i = 1,2 ,then the interpolated yield for tt lying between t1t _ { 1 } and t2t _ { 2 } is given by y(t) =y(t1) ex(tt1) y ( t ) = y \left( t _ { 1 } \right) e ^ { x \cdot \left( t - t _ { 1 } \right) } where xx is a parameter.Suppose the yield at one year is 4% and the yield at two years is 5%.Then,the closest yield at one and a half years,using exponential interpolation in time tt ,is


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