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begin{tabular}{|l|l|} hline Time to Maturity & Spot Rate hline 1 Year & 1% hline 2 Years & 2% hline 3 Years &

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\begin{tabular}{|l|l|} \hline Time to Maturity & Spot Rate \\ \hline 1 Year & 1% \\ \hline 2 Years & 2% \\ \hline 3 Years & 3% \\ \hline 4 Years & 4% \\ \hline 5 Years & 5% \\ \hline \end{tabular} For a 4-year 1000 par-value bond with 5% annual coupons, calculate the price of the bond, based on the given spot rate table

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