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3. The following market prices are observed: Bonds with 6% coupon rate with semi-annual payments, and 10 years remaining to maturity at $67 per $100

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3. The following market prices are observed: Bonds with 6% coupon rate with semi-annual payments, and 10 years remaining to maturity at $67 per $100 of face value. Bonds with 8% coupon rate with semi-annual payments, and 10 years remaining to maturity at $76 per $100 of face value. Bonds with 10% coupon rate with semi-annual payments, and 10 years remaining to maturity at $88 per $100 of face value. a Find the Yields(continuous compounding) (b) Suppose that you can sell and buy any number of the bonds above at the market price. Find an arbitrage opportunity

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