Assume that the six-month Treasury spot rate is 1.7% APR, and the one-year rate is 2% APR,
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Assume that the six-month Treasury spot rate is 1.7% APR, and the one-year rate is 2% APR, both compounded semiannually. What is the price of a one-year $1000 par Treasury bond with 2% coupons?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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