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Mexican sovereign US$-denominated zero coupon bonds with a 12-month maturity have a yield to maturity of 1.5% per year. Similar bonds issued by the US

Mexican sovereign US$-denominated zero coupon bonds with a 12-month maturity have a yield to maturity of 1.5% per year. Similar bonds issued by the US government is 0.67%. Mexico has a sovereign rating of BBB+.

the bonds issued by the Mexican government should trade at a price of

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