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QUESTION 12 Suppose that the one-year, two-year, and three-year zero-coupon rates are 5.5%, 6.5%, and 9.0%. What is the current price of a three-year, 12%-coupon

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QUESTION 12 Suppose that the one-year, two-year, and three-year zero-coupon rates are 5.5%, 6.5%, and 9.0%. What is the current price of a three-year, 12%-coupon bond with a face value of $1,000. The bond pays coupons annually

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