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Consider a two year coupon bond issued today with a face value of $ 1 , 0 0 0 and a 4 . 5 0
Consider a two year coupon bond issued today with a face value of $ and a coupon rate. Suppose that yields on zero coupon bonds with terms one and two are and respectively. What is your best estimate of the price of the bond next year after the first coupon?
Enter your answer rounded to decimal places.
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