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Using the following binomial model of one- year interest rate, price a 2-year, 3% annual- coupon bond with a par value of $142. Assume annual

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Using the following binomial model of one- year interest rate, price a 2-year, 3% annual- coupon bond with a par value of $142. Assume annual compounding. All rates are expressed on a bond equivalent basis. Round your answer to 2 decimal places. Time 0 Time 1 11. = 8% io = 2% i1l = 4%

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