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7. Show work, please. No excel 7) You aregiven the following prices for bonds with annual coupons at rate 10% and face and redemption amount

7. Show work, please. No excel

image text in transcribed 7) You aregiven the following prices for bonds with annual coupons at rate 10% and face and redemption amount 100 . The bonds are priced using the term structure of anmul effective yields on zero-coupon bonds. 1 year maturity has price 103.77, 2 year maturity has price of 106.42,3 year maturity has price 108.04. Find the price of a 3 -year bond with annual coupons of 5% based on the same term structure

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