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Assume an efficient capital market. Consider a zero - coupon bond ( coupon is 0 . 0 0 % ) with a nominal value of
Assume an efficient capital market. Consider a zerocoupon bond coupon is with a nominal value of per bond, and a
maturity of years. The bond has no default risk. The year spot rate is and year spot rate
p Calculate the price of one bond.
Round your final answer to two decimal places, ignore the currency sign and do not use a thousands separator.
For example: You calculate a value of and now give in:
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