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In the bond market you are given the following information. All amounts are in the US dollar. CF stands for cash flows and all bonds

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In the bond market you are given the following information. All amounts are in the US dollar. CF stands for cash flows and all bonds mature in Year 3. One can buy or sell only integer quantity of bonds. Based on the no-arbitrage principle, what is the price of Bond C today? In other words, what is X? Price Today CF Year 1 CF Year 2 CF Year 3 Bond A 95.00 6 6 106 Bond B 107.00 9 9 109 Bond C 7 7 107

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