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The following information was available as of the close of business June 1, 2004, on government of Canada bonds. Coupon Maturity Price Yield 5.00%J une
The following information was available as of the close of business June 1, 2004, on government of Canada bonds.
Coupon Maturity Price Yield
5.00%J une 1, 2005102.352.60
10.50%June 1, 2006113.913.26
8.50%June 1, 2007107.413.39
Calculate the anticipated one-year interest rate for 2006 (up to June 2007)
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