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Given the following table of annual effective forward rates, find the present value of a 3-year bond paying 15% annual coupons and having a par
Given the following table of annual effective forward rates, find the present value of a 3-year bond paying 15% annual coupons and having a par value of 80.
t ft 0 1 7.3% 4.618% 12.32% 2Step by Step Solution
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