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There is a one-year zero coupon bond with a price of $96.85. There is a two-year zero coupon bond with a price of $89.65. What
There is a one-year zero coupon bond with a price of $96.85. There is a two-year zero coupon bond with a price of $89.65. What is the value of a two-year bond with a coupon of 8.76% (note: the coupon is a % of its face value)? Assume that the face value of each bond is $100.
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