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This binomial tree below is generated by a term structure model. The first number at each node is the price of a 1-year zero coupon
This binomial tree below is generated by a term structure model. The first number at each node is the price of a 1-year zero coupon bond with 100 face value. The second number (if it appears) is the price of a 2-year zero with 100 face value. The third number (if it appears) is the price of a 3-year zero with 100 face value
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