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A corporate bond offers a 6 . 9 % coupon rate and has 3 years remaining to maturity. Interest is paid annually. The following rates
A corporate bond offers a coupon rate and has years remaining to maturity.
Interest is paid annually. The following rates are from the benchmark spot curve:
Time Spot Rate
year
years
years
If the bond is trading at a Z spread of bps what is the price of the bond, per $ of par value?
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