Question: Based on the following binomial interest rate tree (time step = one year): Calculate the value of an annual coupon bond (par =100 ) with
Based on the following binomial interest rate tree (time step = one year): Calculate the value of an annual coupon bond (par =100 ) with coupon rate =3.3% and maturity =2 years at the upper node at Time 1 . (Round to 4 decimal places.)
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