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Assuming Shoprite has a three years bond with derived spots rates as 5.00%, 5.20% and 5.43% each respective year, face value of K5, 000 and

Assuming Shoprite has a three years bond with derived spots rates as 5.00%, 5.20% and 5.43% each respective year, face value of K5, 000 and coupon rate of 5%; determine the bond price using the Present Value discounting approach.

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