Chartered Financial Analyst Level 1

Chartered Financial Analyst Level 1

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An analyst gathers the following forward rate information:

  • 0y1y: 1%
  • 1y1y: 2%
  • 2y1y: 4%

Using this information, calculate the price per 100 of par value for a 3-year, 1% annual coupon bond. The closest price is: