The Six Month and One-Year Rates Are 3% and 4

question 9

Multiple Choice

The six month and one-year rates are 3% and 4% per annum with semiannual compounding.Which of the following is closest to the one-year par yield expressed with semiannual compounding?

• A) 3.99%
• B) 3.98%
• C) 3.97%
• D) 3.96%

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