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What are the steps for figuring out the numerators presented in this example (105, 102.222, 104.0566, 105.9615, 103.228, and 106.9506) ? EXAMPLE 3 Pricing a

What are the steps for figuring out the numerators presented in this example (105, 102.222, 104.0566, 105.9615, 103.228, and 106.9506) ? EXAMPLE 3 Pricing a Bond Using a Binomial Tree Using the intere...

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