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Assume that one-year discount rate is 3.8%, two-year discount rate is 4%, and three-year discount rate is 4.5% (all in annual terms). What is a

Assume that one-year discount rate is 3.8%, two-year discount rate is 4%, and three-year discount rate is 4.5% (all in annual terms). What is a fair market price of a bond that matures in three years, and pays annual coupons at the rate of 5.25%?

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