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7. A bond with face value F = $100 and annual coupons C = $5 maturing after three years (at T = 3) is trading

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7. A bond with face value F = $100 and annual coupons C = $5 maturing after three years (at T = 3) is trading at par. Find the implied continuous compounding rate. (Hint: By Proposition 8 in the notes, the annual compounding rate equals coupon rate.)

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