Using the zero-coupon bond prices and natural gas swap prices in Table 8.9, what is the implicit
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In table 8.9
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Quarter 6 Oil forward price Gas swap price Zero-coupon bond price 0.9852 0.9701 0.9546 0.9388 0.921 0.9075 0.8919 0.8763 Euro-denominated 21 21. 20.8 20.5 20.2 20 19.9 19.8 2.2500 2.4236 2.3503 2.2404 2.2326 2.2753 2.2583 2.2044 0.9913 0.9825 0.9735 0.9643 0.955 0.9459 0.9367 0.9274 zero-coupon bond price Euro forward price 0.9056 0.9115 0.9178 0.9244 0.9312 0.938 0.9452 0.9524 (S/E)
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