Prices of zero-coupon bonds reveal the following pattern of forward rates:

Year	Forward Rate
1	4	%
2	5
3	7

In addition to the zero-coupon bond, investors also may purchase a 3-year bond making annual payments of $50 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.)

Price ??

b. What is the yield to maturity of the coupon bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Yield to maturity %??