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5. (10 points) An annual coupon bond has 2 years remaining to the maturity. The bond has a face value of $100 and payment per

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5. (10 points) An annual coupon bond has 2 years remaining to the maturity. The bond has a face value of $100 and payment per year of $8. One-year, two-year and three-year benchmark spot rates are 4.86%, 4.95% and 5.65%. The bond is currently trade at a z-spread of 75 bps. What is the value of the bond

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