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Consider a bond with a 9% coupon rate with a face value of $1000, annual coupons, and 3 years to maturity. If the YTM on
Consider a bond with a 9% coupon rate with a face value of $1000, annual coupons, and 3 years to maturity.
If the YTM on a one-year zero-coupon bond is 5.3%, that on a two-year zero-coupon bond is 6.2%, and the same on a three-year zero-coupon bond is 5.4%, what is the price of this bond right now?
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