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Suppose yield to maturities of discount bonds issued by China Mobile are shown as follows: 1-year 2.5% 2-year 3% 3-year 3.2% Compute the price of

Suppose yield to maturities of discount bonds issued by China Mobile are shown as follows:

1-year

2.5%

2-year

3%

3-year 3.2%

Compute the price of the 3-year annual coupon bond with 4% coupon issued by China

Mobile with $1000 face value.

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