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In the market, the prices of one-, two- and three-year $100-par zero bonds are $98, $96, and $93. What must be the price of a

In the market, the prices of one-, two- and three-year $100-par zero bonds are $98, $96, and $93. What must be the price of a 3-year, 10% coupon, $100-par bond that is consistent with no arbitrage? a. 121.7 b. 100.0 c. 125.3 d. 109.8

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