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Treasury spot interest rates are as follows: Maturity (years) 1 2 3 4 Spot rate (EAR) 1.7% 2.8% 3.8% 4.5% What is the price of
Treasury spot interest rates are as follows:
| Maturity (years) | 1 | 2 | 3 | 4 |
| Spot rate (EAR) | 1.7% | 2.8% | 3.8% | 4.5% |
What is the price of a risk-free zero-coupon bond with 3 years to maturity and a face value of $1,000 (in $)?
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
