Use Table 15.1 to find the short rate in the fourth year. Confirm that the discount factor
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Use Table 15.1 to find the short rate in the fourth year. Confirm that the discount factor on the 4-year zero is a geometric average of 1 + the short rates in the next four years. P-639
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ISE Investments
ISBN: 9781266085963
13th International Edition
Authors: Zvi Bodie, Alex Kane, Alan Marcus
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