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  • 23-05-2023
  • Business
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The one-year spot rate is 2.0%, the two-year spot rate is 2.8% and the three-year spot rate is 3.6%. What is the price (per $100 of face value) of a 3-year bond paying a 8.1% annual coupon?
a.
$112.583
b.
$112.824
c.
$116.552
d.
$120.164

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