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Q5. Assume that the bond market is perfect, and the rate of return is same as the market interest rate by no arbitrage condition. Say

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Q5. Assume that the bond market is perfect, and the rate of return is same as the market interest rate by no arbitrage condition. Say the face value of the one-year maturity bond is $2200 and the market interest rate is 10%. There is no other payment related to the bond (no coupon payment). What is the current price of the bond

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