Compute the price of the three-year annual coupon bond

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Question - Suppose yield to maturities of discount bonds issued by China Mobile are shown as follows: 1-year 2.5% 2-year 3% 3-year 3.2%. Compute the price of the 3-year annual coupon bond with 4% coupon issued by China Mobile with $1000 face value.

Reference no: EM132953632

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