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A zero-coupon bond's market price is $942.59. Its face value is $1,000 and it matures in 18 months. What is the 18-month spot rate? As
A zero-coupon bond's market price is $942.59. Its face value is $1,000 and it matures in 18 months. What is the 18-month spot rate? As always, state your answer as an annual rate. Use the semiannual discounting convention
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