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You are given the following spot rates: Term (in years) 0.5 1 1.5 2 Spot Rate 2.1% 2.3% 2.6% 2.8% Determine the price of

You are given the following spot rates: Term (in years) 0.5 1 1.5 2 Spot Rate 2.1% 2.3% 2.6% 2.8% Determine the price of a 2-year 100 par value bond redeemable at par and with semiannual coupons paid at an annual rate of 4%.

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