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Suppose Today a 1-year zero-coupon bond costs $98 Today you can enter a contract to buy a 1-year-zero- coupon bond 1 year from today for
Suppose Today a 1-year zero-coupon bond costs $98 Today you can enter a contract to buy a 1-year-zero- coupon bond 1 year from today for $98 (forward contract) What must be the price today of a 2-year zero-coupon bond
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