A 10% bond with face amount 100 matures in seven years. Find the value of the bond based on the following term structure for zero-coupon bond spot rates, where i_0,t denotes the nominal annual spot rate convertible semi-annually for a t-year term zero-coupon bond.

t io,t 0.5 1 1.5 2 2.5 3 3.5 4. 4.5 0.075 0.0775 0.0775 0.08 0.0825 0.085 0.0875 0.09 0.09 0.0925 0.095 0.095 0.0975 0.1 5 5.5 6 6.5 7