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A U.S. GovernmentT-Note with a3-year maturity has a coupon rate of 7 % and a face value of $ 1,000 . The coupons are paid
A U.S. GovernmentT-Note with a3-year maturity has a coupon rate of 7% and a face value of $1,000. The coupons are paid annually and the next coupon is due in one year. Using the Treasury spot rates given in the tablebelow, what is the price of the couponbond? The price of the coupon bond is $?(Round to the nearestcent.)
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