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5. The following are the current prices of $1000 zero coupon bonds Term to maturity Price $943.40 3 805.08 If the one-year forward rate for

5. The following are the current prices of $1000 zero coupon bonds Term to maturity Price $943.40 3 805.08 If the one-year forward rate for year 2 (i.e., the one-year effective rate during year 2) is 8%, determine X. (873.52)

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