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The following discount function contains...

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题目

The following discount function contains semi-annual discount factors out to two years: d(0.5) = 0.9970, d(1.0) = 0.9911, d(1.5) = 0.9809, d(2.0) = 0.9706. What is the implied eighteen-month (1.5 year) spot rate (aka, 1.5 year zero rate)?

选项

A.0.600%

B.1.176%

C.1.290%

D.1.505%

答案

C

解析

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