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Suppose the price of a 1 Y bond with a face value of PLN 1 5 0 0 0 , interest 5 % pa .

Suppose the price of a 1 Y bond with a face value of PLN 15000, interest 5% pa. under yearly capitalization and coupons paid annualy is PLN 13000. Determine a 1 Y spot rate pa. under
continuous compounding using the bookstrap method.
0.048790
0.143101
0
0.191891
0.050000
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