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Need calculation step by step in detail, many thanks In a two-step model the variable returns are R(0,0)=1.05,R(1,)=1.03 and R(1,)=1.07. For constant risk neutral probability

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Need calculation step by step in detail, many thanks

In a two-step model the variable returns are R(0,0)=1.05,R(1,)=1.03 and R(1,)=1.07. For constant risk neutral probability =0.5, what is the premium of a zero-coupon bond which matures in two time steps

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