Question: n = 10 r0,0 = 5% u = 1.1 d = 0.9 q = 1 - q = Compute the initial price of a futures

n = 10 r0,0 = 5% u = 1.1 d = 0.9 q = 1 - q =

Compute the initial price of a futures contract for a ZCB with an expiration of t = 4.

The ZCB matures at time t=4, has face value 100, and a current price of $61.62.

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