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There is a short position in 1 year bonds with a $150m face value and a 6% annual interest rate with interest paid semi-annually. The annualized interest rate on zero coupon bonds is 3% for a 6 month maturity and 4.1% for a 12 month maturity. Decompose the bond into the cash flows of the two standard instruments and then determine the total present value of all the cash flows of the standard instruments? A. −$153,848,482. B. −$154,848,482. C. −$155,848,482. D. −$152,848,483 |