
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:The n-year spot rate of interest, in, can be represented by:
= 0.08 0.06 x exp(-0.1n)
-
Calculate, to 4 decimal places (in percentages), the 3-year forward rate at
time 3, f 3,3-
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