Q. Using the information below, calculate the price of a 1.5-year floating rate bond with a spread of 2% and interest paid once every six months:

A six-month zero-coupon bond is priced at 98.

The interest rate is 3% and the price of a one-year coupon bond that pays interest once every six months is 101.5.

The forward discount factor F (0, 1, 1.5) is 0.99.