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In a particular bond market, n-year spot rates per annum can be approximated by the function: 0.04 -0.04(exp(-0.1n)). The price per unit nominal of a
"In a particular bond market, n-year spot rates per annum can be approximated by the function: 0.04 -0.04(exp(-0.1n)). The price per unit nominal of a zero coupon bond with term 4 years is The 2-year forward effective annual interest rate for a 1-year period is
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