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A bond with year left to maturity pays a semi-annual coupon rate of 7% a face value of $1000. The price of $988. The 6-month,
A bond with year left to maturity pays a semi-annual coupon rate of 7% a face value of $1000. The price of $988. The 6-month, 9-month and 12-month risk free rates are 7.5%, 8.0% and 8.5% p.a. respectively. What is the forward price (to the nearest dollar) for a contract on this bond that matures in nine months?
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