Using the following binomial interest rate tree, the value of a 3-year, 5% annual coupon bond is closest to: ![Binomial Interest Rate Tree](image-placeholder) - Year 0: 2.5000% - Year 1: 5.2273%, 3.8724% - Year 2: 9.7199%, 7.2007%, 5.3344% | Chartered Financial Analyst Level 2 Quiz - LeetQuiz