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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 11.25% and face value equal to $87,000. Answer with two decimal digts accuracy. Example: 74929.05 It 1 N R(0,t) 1.70 4.00 4.85 3

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