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7. [9 marks] The prices for $100 par-valued bonds paying annual coupons are as follows: Term (in years) Coupon rate 8% Price $102.76 $101.26 $106.14

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7. [9 marks] The prices for $100 par-valued bonds paying annual coupons are as follows: Term (in years) Coupon rate 8% Price $102.76 $101.26 $106.14 5% CON 6% Find all the forward rates implied by these prices

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