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Assume that the six - month Treasury spot rate is 1 . 6 % APR, and the one - year rate is 2 . 1

Assume that the six-month Treasury spot rate is 1.6%APR, and the one-year rate is 2.1%APR, both compounded
semiannually. What is the price of a one-year $1,000 par Treasury bond with 2.1% coupons?
The price of the Treasury bond is $.(Round to the nearest cent.)
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