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Based on Exhibits 3 and 4, the value of Bond C at the upper node at Time 1 is closest to: a. 99.6255 b. 97.1957

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Based on Exhibits 3 and 4, the value of Bond C at the upper node at Time 1 is closest to:

a. 99.6255

b. 97.1957

c. 102.1255

Exhibit 4 presents the bonds characteristics for both bonds you need to price using the tree in Exhibit 3

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