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Suppose the zero rates are given below and we would like to value a 10% coupon bond with a maturity of 4 years. Par value

image text in transcribed Suppose the zero rates are given below and we would like to value a 10% coupon bond with a maturity of 4 years. Par value is $1,000 and coupons are paid annually. Using the zero rates which match the time period of the cash flows, calculate the bond price. 1-year zero rate: 5% 2-year zero rate: 6% 3-year zero rate: 7% 4-year zero rate: 8% Please report the answer to the nearest dollar. For instance, 997.17 would be 997

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