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Given: 10,1 = 5% The price of a 2-year 0-coupon bond with face value 100 is 90. Product X pays the following cash flows: 105

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Given: 10,1 = 5% The price of a 2-year 0-coupon bond with face value 100 is 90. Product X pays the following cash flows: 105 at t = 1 and 200 at t = 2. What is the fair price of the product at t = 0? 0 280 300 320 290 The answer is not within $1 of any of the above

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