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a. Assuming that the expectations hypothesis is valid, compute the price of the four-year bond shown below at the end of () the first year,

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a. Assuming that the expectations hypothesis is valid, compute the price of the four-year bond shown below at the end of () the first year, (i) the second year; (ii) the third year; (iv) the fourth year. (Do not round intermediate calculations. Round your answers to 2 decimal places.) BeginningPrice of Bond $ 953.40 903.47 $852.62 $ 787.66 Expected Price of Year 4

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