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The spot interest rates in the following downward-sloping term structure are: r1=4.6%,r2 =4.4%,r3=4.2%, and r4=4.0%,r5=2%. Assume face value is $1,000. Calculate bond prices of a

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The spot interest rates in the following downward-sloping term structure are: r1=4.6%,r2 =4.4%,r3=4.2%, and r4=4.0%,r5=2%. Assume face value is $1,000. Calculate bond prices of a 5% coupon bond. Multiple Choice - $1,132 $1,201 - $1,087 $1,000 - $1,120

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