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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

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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