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Consider two 5-year bonds: one has an 6% coupon rate and sells for $98; the other has an 9% coupon rate and sells for $109.
Consider two 5-year bonds: one has an 6% coupon rate and sells for $98; the other has an 9% coupon rate and sells for $109. What is the price of a 5-year zero coupon bond? (Assume that coupons are paid annually, and the face values of all the bonds are $100.)
(Keep your answer to 2 decimal places, e.g. xx.12.)
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