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A 1-year zero coupon bond has a YTM of 10%. A 2-year zero coupon bond has a YTM of 12%. Both are riskless. What is
A 1-year zero coupon bond has a YTM of 10%. A 2-year zero coupon bond has a YTM of 12%. Both are riskless. What is the price of a 2-year, annual 5% coupon paying bond with face value of $1,000?
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