Answered step-by-stepSuppose that the 6-month, 12-month, 18-month, and 24-month zero...
Suppose that the 6-month, 12-month, 18-month, and 24-month zero rates are 4%, 5%, 6%, and 6% respectively. What is the two-year par yield? Verify the solution is correct by showing the discounted cashflows at the par yield. Round all answers to 4 decimal places.
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