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2) Assume a two-year straight bond. The principal is 100. The coupon rate is 3%. Coupons are paid once a year. The discount rate is

2) Assume a two-year straight bond. The principal is 100. The coupon rate is 3%. Coupons are paid once a year. The discount rate is 8%. Obtain the price of the bond today. You can use a calculator. Numerical value up to two decimal places.

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