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What is the price of a $100 zero coupon three year bond if r1=0.025, r2=0.03, r3=0.04 a. 96.15 b. 88.90 c. 96 d. 104 e.

What is the price of a $100 zero coupon three year bond if r1=0.025, r2=0.03, r3=0.04

a. 96.15

b. 88.90

c. 96

d. 104

e. 102.50

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