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Question 7 2 pts Price a 3-year, 3% annual coupon, $1000 par bond using the following calibrated model for one-year interest rate. All rates are

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Question 7 2 pts Price a 3-year, 3% annual coupon, $1000 par bond using the following calibrated model for one-year interest rate. All rates are expressed on a bond equivalent basis. Assume annual compounding. Round your answer to 2 decimal places. t = 0 t = 1 t = 2 r_2,HH = 0.046 r_1,H = 0.023 r_0 = 0.013 r_2,HL = 0.027 r_1,L = 0.016 r_2,LL = 0.016

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