Using the same information as the previous problem, suppose the interest rate on the borrowing date is
Question:
a. Settlement occurs on the date the loan is initiated.
b. Settlement occurs on the date the loan is repaid.
Use the following zero-coupon bond prices to answer the next three questions:
Days to Zero-Coupon
Maturity Bond Price
90........ 0.99009
180........ 0.97943
270 ........0.96525
360 ........0.95238
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