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Lily just purchased a 10-year 3.62% p.a. Treasury bond with a face value of $100. The bond will be redeemable at par (i.e., redeemed at

Lily just purchased a 10-year 3.62% p.a. Treasury bond with a face value of $100. The bond will be redeemable at par (i.e., redeemed at face value). Yield rates over the next 10 years are expected to be j2=4.25% from year 1 to year 3, j2=2.52% from year 4 to year 7, and j2=2.21% from year 8 to year 10. How much should Lily pay at purchase (rounded to four decimal places)?

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