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The cash price of a 1 . 5 - year Treasury bill is 1 0 2 . 8 at present. The bond pays an annual
The cash price of a year Treasury bill is at present. The bond pays an annual coupon of which is paid on a semiannual basis. The year and year zero rates have already been calculated as and Calculate the oneandahalfyear zero rate Hint: The bonds' face values would be
Report your answer in decimal format rounded to four decimal places. It is suggested that you carry six decimal places in your calculations, but round your final answer to four decimal places.
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