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Consider the market rates for the maturities 1, 2, and 3 years respectively in the table below. What is the price of a 3-year bond

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Consider the market rates for the maturities 1, 2, and 3 years respectively in the table below. What is the price of a 3-year bond with annual payments, coupon rate equal to 3.75% and face value equal to $12,000. (Answer with two decimal accuracy) R(0,t) 1.60 2.85 4.40 t 1 2 3 Your

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