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8% Using the following yield curve Year Spot Rate 1 5% 2 6% 3 7% 4 For a 4-year par bond (Bond that pays

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8% Using the following yield curve Year Spot Rate 1 5% 2 6% 3 7% 4 For a 4-year " par bond (Bond that pays 100% of its face value) with annual coupons of 5%, calculate the price of the bond. a. 955.70 b. 904.72 c. 932.77 d. 877.33 d. 900.55

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