The table provides the prices of 5 zero-coupon bonds: Maturity Price per 100 of par 1 97.065 2 89.625 3 81.0832 4 74.7339 5 64.7391 Determine the value of the annual effective forward rate applicable from time 1 to time 2.

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter4: Bond Valuation
Section: Chapter Questions
Problem 11MC
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Answer is either 9.7% or 8.3%

The table provides the prices of 5 zero-coupon bonds:
Maturity
Price per 100 of par
1
97.065
2
89.625
3
81.0832
4
74.7339
5
64.7391
Determine the value of the annual effective forward rate applicable from time 1 to time 2.
Transcribed Image Text:The table provides the prices of 5 zero-coupon bonds: Maturity Price per 100 of par 1 97.065 2 89.625 3 81.0832 4 74.7339 5 64.7391 Determine the value of the annual effective forward rate applicable from time 1 to time 2.
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