8. Consider three pure-discount bonds with maturities of one, two, and three years and prices of$930.23, $923.79,
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8. Consider three pure-discount bonds with maturities of one, two, and three years and prices of$930.23, $923.79, and $919.54, respectively. Each bond has a $1,000 face value. On the basis of this information, what are the one-year, two-year, and three-year spot rates?
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Investments
ISBN: 9788120321014
6th Edition
Authors: William F. Sharpe, Gordon J. Alexander, Jeffery V. Bailey
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