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Assume that the six-month Treasury spot rate is 1.7% APR, and the one-year rate is 1.9% APR, both compounded semiannually. What is the price of

Assume that the six-month Treasury spot rate is 1.7% APR, and the one-year rate is 1.9% APR, both compounded semiannually. What is the price of a one-year $1,000 par Treasury bond with 1.9% coupons?

The price of the Treasury bond is $____. (Round to the nearest cent.)

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