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a 7. The six-month and one-year zero rates are both 10% per annum. For a bond that has a life of 18 months and pays

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a 7. The six-month and one-year zero rates are both 10% per annum. For a bond that has a life of 18 months and pays a coupon of 8% per annum (with semiannual payments and one having just been made), the yield is 10.4% per annum. What is the bond's price? What is the 18-month zero rate? All rates are quoted with semiannual compounding. si

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