Estimate the price of a bond with a face value

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Reference no: EM132004596

Suppose that the continuously compounded zero rates are listed in the table below:

Maturity (Months)	Zero Rate (%)
6	2.3
12	3.0
18	3.1
24	4.0
30	4.4

Estimate the price of a bond with a face value of $100 that will mature in 30 months and pays a coupon of 11% per annum semiannually.

(enter the price rounded to the nearest penny (i.e. 98.00))

Reference no: EM132004596

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