=3. On 21 February 2017, you see the following figures in Les chos de Moulinsart for Belgian

=3. On 21 February 2017, you see the following figures in Les

échos de Moulinsart for Belgian government zero-coupon bonds (which only pay a single coupon with the principal on maturity of a total amount of 100):

Maturity Price 20 February 2018 96.25 20 February 2019 91.92 20 February 2020 87.38 20 February 2021 82.90 20 February 2022 78.35 20 February 2023 74.20 20 February 2024 70.13