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Given the following spot and forward rates: - Current 1-year spot rate is 5.5% - One-year forward rate one year from today is 7.63% -

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Given the following spot and forward rates: - Current 1-year spot rate is 5.5% - One-year forward rate one year from today is 7.63% - One-year forward rate two years from today is 12.18% - One-year forward rate three years from today is 15.5% a) What is the value of a 4 -year, 10% annual pay, $1,000 face value corporate bond? b) If you purchased this bond on September 23,2022 and it pays its coupon annually on December 15 , what is the clean (flat) purchase price? Given the following spot and forward rates: - Current 1-year spot rate is 5.5% - One-year forward rate one year from today is 7.63% - One-year forward rate two years from today is 12.18% - One-year forward rate three years from today is 15.5% a) What is the value of a 4 -year, 10% annual pay, $1,000 face value corporate bond? b) If you purchased this bond on September 23,2022 and it pays its coupon annually on December 15 , what is the clean (flat) purchase price

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