The oneyear spot rate is 3% and the forward rates stated with an annual periodicity of 1 for years 1, 2, and 3 one year from now are 3.82017%, 5.55162%, and 5.78901%, respectively. Using this information, calculate the price of a bond that pays an annual coupon of 7% and has a remaining term of three years.

Group of answer choices

A. 111.3144

B. 108.1403

C. 104.2795