cash flows and all bonds mature in Year 3. One can buy or sell only integer quantity of bonds. Based on the no-arbitrage principle, what is the price of Bond C today? In other words, what is X?   Price Today CF Year 1 CF Year 2 CF Year 3 Bond A 95.00 6 6 106 Bond B 107.00 11 11 111 Bond C X 7 7 107

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