问题如下:
1. Based on Exhibit 1, the five-year spot rate is closest to:
选项:
A. 4.4%
B. 4.45%
C. 4.5%
解释:
B is correct.
The five-year spot rate is determined by using forward substitution and using the known values of the one-year, two-year, three-year, and four-year spot rates as follows:
为什么是=1,已经假设按照面值发行了吗。