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A one-year zero coupon bond is trading at a price of $90, a two-year zero coupon is trading at $80, and a three-year zero coupon
A one-year zero coupon bond is trading at a price of $90, a two-year zero coupon is trading at $80, and a three-year zero coupon bond is trading at $70. All bonds have a face value of $100 and are assumed to be risk-free. What is the price of a three-year 10% coupon bond?
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