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Problem #3: The function s(t) = 0.045 + 0.003t gives the effective annual rate of a zero coupon bond of maturity t, with t in

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Problem #3: The function s(t) = 0.045 + 0.003t gives the effective annual rate of a zero coupon bond of maturity t, with t in years. Find the price of a 2 year coupon bond with semiannual coupons of 8% and a face/redemption value of $800,000. Problem #3: Answer correct to 2 decimals. Just Save Submit Problem #3 for Grading

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