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Current spot ( zero ) rates are given in the table below. Years to maturity 1 2 3 4 Spot Interest rate ( % p

Current spot (zero) rates are given in the table below.
Years to maturity
1
2
3
4
Spot Interest rate (% p.a.)
2.5
3.0
3.7
4.3
Calculate the current price of a three-year bond with a face value of $1,000 that pays interest annually at a coupon rate of 3.9% p.a.
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