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Problem #3: The function s(t) = 0.035 +0.0071 gives the effective annual rate of a zero coupon bond of maturity 1, with t i years.

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Problem #3: The function s(t) = 0.035 +0.0071 gives the effective annual rate of a zero coupon bond of maturity 1, with t i years. Find the price of a 2 year coupon bond with semiannual coupons of 9.5% and a face/redemption value o $400,000 Problem #3: Answer correct to 2 decimals. Just Save Submit Problem #3 for Grading

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