Question: Question 6 2 pts Using the following binomial model of one-year interest rate, price a 2-year, 3% annual-coupon bond with a par value of $391.

Question 6 2 pts Using the following binomial model of one-year

Question 6 2 pts Using the following binomial model of one-year interest rate, price a 2-year, 3% annual-coupon bond with a par value of $391. 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% in = 2% 11,2 4%

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