You enter into a forward contract to buy a 10-year, zero-coupon bond that will be issued in one year.The face value of the bond is $1,000, and the 1-year and 11-year spot interest rates are 3 percent...
You enter into a forward contract to buy a 10-year, zero-coupon bond that will be issued in one year.The face value of the bond is $1,000, and the 1-year and 11-year spot interest rates are 3 percent...