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
12.73.413.68
22.73.412.77
32.72.032.77
42.72.031.52
Using pathwise valuation, what is the proper price for a 3 year 5.19% coupon bond?

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