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Suppose that 6-month, 12-month and 18-month zero rates are 4%, 4.5% and 4.8% per annum with continuous compounding respectively. What is the cash price of

Suppose that 6-month, 12-month and 18-month zero rates are 4%, 4.5% and 4.8% per annum with continuous compounding respectively. What is the cash price of a bond with a face value of 1,000 that will mature in 18 months and pays a coupon rate of 5% per annum semiannually?

		102.04
		98.04
		100.22
		112.02

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