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Prices of zero-coupon bonds reveal the following pattern of forward rates: Year 1 2 Forward Rate 6% 8 9 In addition to the zero-coupon bond,

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Prices of zero-coupon bonds reveal the following pattern of forward rates: Year 1 2 Forward Rate 6% 8 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.) % Answer is complete but not entirely correct. Price 932.31

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