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Suppose the spot rate for 1-, 2-, and 3- year maturity is 4%, 5%, and 6%. Suppose there is a 3-year 3% coupon bond that
Suppose the spot rate for 1-, 2-, and 3- year maturity is 4%, 5%, and 6%. Suppose there is a 3-year 3% coupon bond that pays annual coupon. What is the bond price today?
| 920.86 | ||
| 867.03 | ||
| 805.13 | ||
| 1081.25 | ||
| 1000.00 |
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Corporate Finance Theory And Practice
Authors: Aswath Damodaran
2nd Edition
0471283320, 9780471283324
