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Consider a 3-year forward contract on a corporate bond. The bond will provide $20- coupon in year 1 and $30-coupon in year 2. The bond

Consider a 3-year forward contract on a corporate bond. The bond will provide $20- coupon in year 1 and $30-coupon in year 2. The bond currently sells for $980. The risk-free interest rate is 3% per annum. What is the 3-year forward price?

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