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Question 16 (1 point) You are given the following forward rates. Each rate applies for a period of one year: Year Forward Rate 4% 5%

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Question 16 (1 point) You are given the following forward rates. Each rate applies for a period of one year: Year Forward Rate 4% 5% Calculate the present value of a 3-year bond paying annual coupons of 8% and maturing for $1000. 3% Calculate the present value of a 3-year bond paying annual coupons of 8% and maturing for $1000. O a) 1031.09 Ob) 1102.36 Oc) 1095.52 Od) 1074.49 O e) 1083.21

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