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Suppose that 6 - month, 1 2 - month, 1 8 - month, and 2 4 - month zero rates are 3 % , 3
Suppose that month, month, month, and month zero rates are and per annum with continuous compounding respectively. Estimate the cash price of a bond with a face value of that will mature in months and pays a coupon of per annu semiannually.
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