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Question 9 (1 point) Today is t = 0. The table below indicates the prices at t = 0 of 30 different 0-coupon bonds, with

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Question 9 (1 point) Today is t = 0. The table below indicates the prices at t = 0 of 30 different 0-coupon bonds, with maturities ranging from t = 3 to t = 32, and where each bond has a face value of 200. Price at t = 0 Maturity Year 99 3 98 4 97 5 71 31 70 32 Product X pays out the following 30 cash flows: (400/99) at t = 3, (400/98) at t = 4, ..., (400/71) at t =31, and (400/70) at ta What is the fair price of Product X at t = 0? Hint: use the discount factor approach. = 32 15 30 60 70

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