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Please show working for this answer. Thanks! The current zero-coupon yield curve for risk-free bonds is given below: 2 3 4 5 Maturity (years) YTM
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The current zero-coupon yield curve for risk-free bonds is given below: 2 3 4 5 Maturity (years) YTM 5.03% 5.44% 5.76% 5.95% 6.06% Using the above ZCB information, what would be the price of a $700 face value bond that pays 5% annual coupons maturing in 4 years? The price per $700 face value of the four-year with 5% annual coupon bond is $ 677.68 (Round to the nearest cent.) Your last answer was interpreted as follows: 677.68 Correct answer, well doneStep by Step Solution
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