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Recall that the par yield is the coupon rate that ensures that a bond sells at par. Using the zero coupon yields , find the
Recall that the par yield is the coupon rate that ensures that a bond sells at par. Using the zero coupon yields , find the par yield for a maturity of 3 years. (Hint: use Goal Seek)
| Zero coupon yields | Forward rates | ||
| y1 | 5,00% | f1 | 8.52916667% |
| y2 | 6,75% | f2 | 4.51577094% |
| y3 | 6,00% |
Par yield:
:
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Excel Para Auditores Aplicando Excel A La Auditoria
Authors: Antonio P. Peralta C.
1st Edition
9945803697, 978-9945803693
