CFA CFA Level 1 Linear Interpolation – Where do you get 1/3 from in explanation?

Linear Interpolation – Where do you get 1/3 from in explanation?

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      Hi @pcunniff , for the comparable bonds, one is 5 years to maturity, and the other is 8 years to maturity. So that’s 3 years difference.

      Given that the illiquid bond we are trying to compare is 6 years to maturity (1 year extra from 5 years to maturity), that’s where you get 1/3.

      Does this make sense?

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