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You have built the following interest rate tree for the next 2 years: Time 0 ( % ) Time 1 ( % ) i 2

You have built the following interest rate tree for the next 2 years:
Time 0(%) Time 1(%)
i2h =3.09
i1=2.41
i2l =1.42
What would be the implied price of a 5.5%2-year bond based on this information?

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