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9. How is the value of a bond at a particular node in a binomial tree determined? A) By calculating the present value of the

9. How is the value of a bond at a particular node in a binomial tree determined?

A) By calculating the present value of the bond's future cash flows at that node.

B) By calculating the expected value of the bond's future cash flows at that node.

C) By calculating the average value of the bond's future cash flows at that node.

D) By calculating the maximum value of the bond's future cash flows at that node.

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