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The table below presents different spot rates: Year Spot Rate 1 2.2% 2 2.5% 3 3.0% 4 3.2% The value of a four-year coupon bond

The table below presents different spot rates:

Year Spot Rate

1 2.2%

2 2.5%

3 3.0%

4 3.2%

The value of a four-year coupon bond with an annual coupon of $4 and the par value equal to $100 is.

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