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3. Relation between spot and discount rates point Suppose the spot rates for 1 and 2 years are $1 = 6.3% and s, = 6.9%
3. Relation between spot and discount rates point Suppose the spot rates for 1 and 2 years are $1 = 6.3% and s, = 6.9% with annual compounding. Recall that in this course interest rates are always qu...
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