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A $100 par value bond with 4% annual coupons matures at par in two years. If the one-year spot rate is 7% and the one-year

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A $100 par value bond with 4% annual coupons matures at par in two years. If the one-year spot rate is 7% and the one-year forward rate for year 2 is 6%, find the price of this bond. Possible Answers A 93.05 B 93.81 C 94.65 D 94.92 E 95.43

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