问题如下:
If spot rates are as follow, what are par rates for one, two, and three years with semi-annual compounding?
解释:
The one-year par rate is
2×100×(1-0.965898) / (0.985222+ 0.965898)=3.4957
Similarly, the two and three-year par rates are 3.9871% and 4.1822%.
您好 请问一下这个答案是怎么来的呢?