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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

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 9.25% and face value equal to $82,000. (Answer with two decimal accuracy)

t R(0,t)
1 1.05
2 3.75
3 5.20

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