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P 6 - A 8 The one - year spot rate equals 8 percent, and the two - year spot rate equals 6 . 5

P6-A8
The one-year spot rate equals 8 percent, and the two-year spot rate equals 6.5 percent. What should a 5.1 percent coupon two-year
bond cost? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit $ sign in your response.)
Coupon two-year bond cost for 5.1 percent $
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