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Prices and yields. A 10-year German bond has a FV=100 and a coupon rate of 5% annually. Interest rate is 6%. What is the bonds

Prices and yields. A 10-year German bond has a FV=100 and a coupon rate of 5% annually. Interest rate is 6%. What is the bonds PV? Calculate the result by: -calculating the discount factors for each year and -using annuity factor for temporary cash flow

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