Question
Suppose the 6 month spot rate is 8.7%, and also suppose a 1 year 13% coupon bond is worth $1,036.61 (based on semiannual coupons and
Suppose the 6 month spot rate is 8.7%, and also suppose a 1 year 13% coupon bond is worth $1,036.61 (based on semiannual coupons and $1000 face value). Find the one year (zero-coupon) spot rate (express in BEY).
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Performance Auditing A Measurement Approach
Authors: Ronell B. Raaum CGAP CGFM, Stephen L. Morgan CIA CGAP CFE CGFM
2nd Edition
0894136607, 9780894136603
