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A 3-year bond carrying 3.2% annual coupon and $9,000-par is putable at par 1 year and 2 years from today. Calculate the value of the

A 3-year bond carrying 3.2% annual coupon and $9,000-par is putable at par 1 year and 2 years from today. Calculate the value of the underlying straight bond under the forward rate curve below. 1-year spot rate: 1.9%; 1-year spot rate 1 year from now: 2.6%; 1-year spot rate 2 years from now: 3.8%. Assume annual compounding. Round your answer to 2 decimal places (nearest cent)

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