Suppose that B(0, 12) = 0.8700 dollars. What is the interest rate after 6 months if an investment for 6 months in zero-coupon bonds gives a logarithmic return of 14% ?
Suppose that B(0, 12) = 0.8700 dollars. What is the interest rate after 6 months if an investment for 6 months in zero-coupon bonds gives a logarithmic return of 14% ?