Question: Please help. Thank you very much!!! Using the following binomial model of one-year interest rate, price a 2-year, 9% annual-coupon bond with a par value

Please help. Thank you very much!!!

Using the following binomial model of one-year interest rate, price a 2-year, 9% annual-coupon bond with a par value of $689. Assume annual compounding. All rates are expressed on a bond equivalent basis. Round your answer to 2 decimal places. Time 0 Time 1 11,H = 8% io 2% 111 = 4%

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