Question: 12. The continuously compounded zero rates are as follows: The cash price of a $1,000 bond that matures in exactly 18 months is $1,003.15. What

12. The continuously compounded zero rates are as follows: The cash

12. The continuously compounded zero rates are as follows: The cash price of a $1,000 bond that matures in exactly 18 months is $1,003.15. What is the annual coupon rate if it pays coupons every six months

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