Prices of zero-coupon bonds reveal the following pattern of forward rates: Year Forward Rate 1 6% 2 8 3 9 In addition to the zero-coupon bond, investors also may purchase a 3-year bond making annual payments of $60 with par value $1,000. a. What is the price of the coupon bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)