At time zero the one-period discount rates $d_{0,1}, d_{1,2}, d_{2,3}, ldots, d_{5,6}$ are known to be $0.950,0.940,0.932,0.925,0.919,0.913$.

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At time zero the one-period discount rates $d_{0,1}, d_{1,2}, d_{2,3}, \ldots, d_{5,6}$ are known to be $0.950,0.940,0.932,0.925,0.919,0.913$. Find the time zero discount factors $d_{0,1}, d_{0,2}, \ldots, d_{0,6}$.

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Investment Science

ISBN: 9780199740086

2nd Edition

Authors: David G. Luenberger

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