A annual coupon bond has 3 years remaining to the maturity. Assuming the face value...
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A annual coupon bond has 3 years remaining to the maturity. Assuming the face value is 1000 and payment per year is 50. One-year, two-year and three-year benchmark spot rates are 4.86%, 4.95% and 5.65%. The bond is currently trade at a z-spread of 234 bps (234/10000). What is the value of the bond?
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