Suppose you are faced with the following spot rates: y1= 9% y2= 10% y3= 11% Now consider
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Question:
Suppose you are faced with the following spot rates:
y1= 9%
y2= 10%
y3= 11%
Now consider a bond with a $100 face value maturing in 3 years. The bond pays annual coupon payments at a 6% coupon rate. What is the bond price?
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