What is the price of the bond

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Consider a coupon bond with the face value of $1,000, annual coupons with the coupon rate of 8%, and T= 3 The 1-, 2-, 3-year spot rates are r1= 5%,r2= 6%, r3= 7%

What is the price of the bond? What is its YTM?

Reference no: EM132392713

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