(See Thomas chs. 5-6; lecture 3a.) Easier with a calculator (a cheap one will do). Round dollar answers to the nearest cent (yen answers to the nearest yen); round percentage answers to two decimal places (e.g. 6.33%). Do not round in the middle of a computation. Notes: all T-bills have zero coupons. All interest rates are annualized. (6 pts. per blank)

With a market yield-to-maturity of 1%, what is the price (present value) of a $10,000 3-year bond with 2% annual coupons? (Assume that the first coupon is due one year from today.) $_____