Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- What is the forward rate in year 2? 1-year zero rate: 3% 2-year zero rate: 4% 3-year zero rate: 5% 4-year zero rate: 6% Please report your answer in percentage to two decimal places. For instance, 8.55% would be 8.55.arrow_forwardWhat is the nominal annual rate compounded daily equivalent to an effective rate of 4.55% ? Round the answer to NOM to four decimal places. (1year = 365 days)arrow_forwardHow long will it take $300 to accumulate to $800 at j12 = 7%? Assume that the practical method of accumulation is in effect. (Be sure to use linear interpolation.) Answer: 14 5 X years, 5 months and 29 Note: Carry four decimal places through all calculations. Your answers should be integers. X daysarrow_forward
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