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The cash price of a $1,000 bond that matures in exactly 18 months is $1001.74. Current continuously compounded spot (zero) interest rates are given in
The cash price of a $1,000 bond that matures in exactly 18 months is $1001.74. Current continuously compounded spot (zero) interest rates are given in the table below. If the bond pays coupons semi-annually at the rate of 4% p.a., what is the missing spot (zero) rate Step by Step Solution
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The International Handbook Of Public Financial Management
Authors: Richard Allen, Richard Hemming, B. Potter
1st Edition
1137574895, 978-1137574893
