Question: After building a binomial interest rate tree, you have identified the following possible interest rate paths: Path y 0 y 1 y 1 y 1

After building a binomial interest rate tree, you have identified the following possible interest rate paths:
Path y0y1 y1y1 y2y1
12.553.383.76
22.553.382.72
32.552.042.72
42.552.041.6
Using pathwise valuation, what is the proper price for a 3 year 6.59% coupon bond?

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