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What the value of the bond is closest to

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Reference no: EM132999936

A corporate bond offers a 6% coupon rate and has exactly 3 years remaining to maturity. Interest is paid annually. The following rates are from the benchmark spot curve:

Time-to-maturity        Spot rate

13.00%                          23.50%            34.00%

Problem 1: The bond is currently trading at a Z-spread of 150 bps. The value of this bond is closest to

Reference no: EM132999936

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