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Question 8 (1 point) R(0,t) is the Spot Zero-Coupon (or Discount) Rate. It is the annualized rate on a pure Unit Discount bond B(0,t) -

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Question 8 (1 point) R(0,t) is the Spot Zero-Coupon (or Discount) Rate. It is the annualized rate on a pure Unit Discount bond B(0,t) - the bond that pays 1 dollar at time t. Assume that R(0,14) = 5.54 per cent. What is the price of B(0,14)? Answer with three decimal digits accuracy. Example: 0.728 Blank Excel Worksheet Your

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