If the annual rate of discount is 3 percent what is present
Consider a $10,000 security that pays a 6.5% coupon rate at the end of every year for nine years. If the annual rate of discount is 3 percent, what is present value of the bond?
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years spot rate eay 1 r01 485 2 r02 550 3 r03 600 4 r04 6451 using the effective annual spot rates above calculate
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