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Assume a bond pays annual coupons (cashflows!) of 5% per year for three years, and par of 100 at maturity. You require a return of

Assume a bond pays annual coupons (cashflows!) of 5% per year for three years, and par of 100 at maturity. You require a return of 3.6% for its risk profile. How would you price it? It never hurts to draw the cashflow structure. Calculate

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