berciershelbi5318 berciershelbi5318
  • 23-12-2022
  • Business
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you are given the following term structure of spot interest rates: term (in years) spot interest rate 1 5.00% 2 5.75% 3 6.25% 4 6.50% a three-year annuity-immediate will be issued a year from now with annual payments of 5000. using the forward rates, calculate the present value of this annuity a year from now.

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