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Question 2: (12 marks) The following facts are given about bonds with annual coupons in a market. a) Find the price of a 3 year

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Question 2: (12 marks) The following facts are given about bonds with annual coupons in a market. a) Find the price of a 3 year bond with face value $100,000 and 5% coupon, paid annually. Show all steps of your calculation clearly. (7 marks)

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