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You have estimated the following spot rates. Assuming annual coupons, what is the price of a 5-year 10% coupon bond with par value of

You have estimated the following spot rates. Assuming annual coupons, what is the price of a 5-year 10% coupon bond with par value of $100? Year 1 2 3 4 5 Spot Rate (%) 5.0 5.4 5.7 5.9 6.0

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