Question
The cash prices of 6-month and 1-year Treasury bills that do not pay coupons are $95 and $90, respectively.. A 1.5-year maturity instrument that pays
The cash prices of 6-month and 1-year Treasury bills that do not pay coupons are $95 and $90, respectively.. A 1.5-year maturity instrument that pays a $4 coupon every six months currently sells for $94.00. The principal of all bonds is $100 and all interest rates are calculated using continuous compounding. Calculate the 1.5-year zero rate.
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Money Management And Financial Budgeting 2 Books In 1 A Beginners Guide On Managing Bad Credit Debt Savings And Personal Finance
Authors: Robert Anderson
1st Edition
1386959006, 978-1386959007
