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The six-month zero rate is 6% per annum with semiannual compounding. The price of a one-year bond that provides a coupon of 4% per annum
The six-month zero rate is 6% per annum with semiannual compounding. The price of a one-year bond that provides a coupon of 4% per annum semiannually is 96. What is the one-year continuously compounded zero rate? Please enter your answer as a number with two decimal places (e.g. enter 6.50 for 6.50%).
9.02
7.52
8.11
8.52
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