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Consider the market rates for the maturities 1, 2, and 3 years respectively in the table below. What is the price of a 3-year bond

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Consider the market rates for the maturities 1, 2, and 3 years respectively in the table below. What is the price of a 3-year bond with annual payments, coupon rate equal to 8.50% and face value equal to $75,000. Answer with two decimal digits accuracy. Example: 74929.05 t R(0,t) 1 1.30 2 2.80 3 5.40

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