Treasury zeros pay a fixed amount at maturity. For example, a Treasury zero could be purchased on
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Treasury zeros pay a fixed amount at maturity. For example, a Treasury zero could be purchased on January 2, 2009, for $445.19 and might be worth $1,000 when it matures 25 years later. What is the annual rate of return on this zero?
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Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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