Question
The term structure satisfies s1 = 4.10%, s2 = 4.50%, s3 = 5.10%. A four year bond with annual 5% coupon rate, face value $100
The term structure satisfies s1 = 4.10%, s2 = 4.50%, s3 = 5.10%. A four year bond with annual 5% coupon rate, face value $100 is price at P = $97.6. Find the spot rate s4
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Principles of Managerial Finance
Authors: Chad J. Zutter, Scott B. Smart
15th edition
013447631X, 134476315, 9780134478197 , 978-0134476315
