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The 6-month and 1-year zero rates are both 10% per annum. For a bond that has a life of 18 months and pays a coupon
The 6-month and 1-year zero rates are both 10% per annum. For a bond that has a life of 18 months and pays a coupon of 8% per annum (with semi annual payments and one having just been made), the yield is 10.4% per annum. What is the bonds price
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