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Calculate the present value of the coupon that the 3-year bond pays out in year 2. Will the spot interest rate that you use
Calculate the present value of the coupon that the 3-year bond pays out in year 2. Will the spot interest rate that you use for this purpose be the same as the yield of this bond? Motivate your answer. bond price 95,2380 100 98 Maturity 1Y 2Y 3Y coupon (annual) 0 7% 9%
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