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A 3 - year bond offers a 7 . 9 % coupon rate with interest paid annually. Assume the following sequence of spot rates: Time

A 3-year bond offers a 7.9% coupon rate with interest paid annually. Assume the following sequence of spot rates:
Time Spot rate
1 year 2.8
2 years 4.3
3 years 5.2
What is the price of the bond per $100 of par value?

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