Suppose that 6-month, 12-month, 18-month, and 24-month zero rates continuously compounded are 0.03, 0.03,0.02,and 0.03 per annum, respectively. Estimate the cash price of a bond with a face value of $1000 that will mature in 24 months pays a coupon of $88 per annum semiannually. Please write down the numerical answer with two decimal points and no dollar sign.

The price of good x has a pattern such that p = $3 on monday through thursday of every week, and p = $2 on fridays. if speculators begin participating in the market for good x, their actions will likely lead to a(n) in the price of good x on monday through thursday and a(n) in the price of good x on friday. a. decrease; increase b. decrease; decrease c. increase; decrease d. increase; increase