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A 2 - year T - Note has a face value of $ 1 , 0 0 0 and pays annual coupons of $ 6

A 2-year T-Note has a face value of $1,000 and pays annual coupons of $60. The next coupon is due in one year. What is the correct price for the coupon bond today? Use the term structure of interest rates shown below to answer the question. (Round to two decimal places.)
Term
Spot Rate
1-year
6%
2-years
7.5%

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