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Directions: Show all your work. Circle your answer choice. This assessment is worth up to 15 points. If you solve the problem with a financial
Directions: Show all your work. Circle your answer choice. This assessment is worth up to 15 points. If you solve the problem with a financial calculator list your N, I/YR, PMT, PV, and FV inputs. Use the following information to answer questions 1-3. The zero-coupon interest rates for the next 5 years, R(0,1), R(0,2), R(0,3), R(0,4), and R(0,5), are 2.15%, 2.35%, 2.85%, 3.25%, and 4.60%, respectively. Assume zero-coupon bonds with annual compounding and face value of $1. 1. (1 point) What is P(0,3)?. Round to the nearest $0.01
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