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Suppose the six-month spot rate is pl) = 9.9% and the six-month deferred six-month forward rate is for (2) [.5,1) = 9.2%, both rates are

Suppose the six-month spot rate is pl) = 9.9% and the six-month deferred six-month forward rate is for (2) [.5,1) = 9.2%, both rates are compounded semi-annually. Calculate the price of a 1-year, $1000 par-value bond bearing coupons of 5.5% payable semi-annually. Answer to the nearest cent

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