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QUESTION
what is the expected semi-annual par in 2 quarters from now?
what is the expected semi-annual par in 2 quarters from now?
quarterly coupon rate of 8%; quarterly spot rates R1 = 8%, R2 = 10%, R3 = 12%, and R4 = 16%.
The answer is 22.70%, and I can't seem to get that answer... Help!
