Use the following spot yield curve:

Time Spot rate

0.5 1

1 1.5

1.5 2

2 2.5

2.5 3

3 4

3.5 5

4 6

Calculate the price of a 2 year bond with a par value of 10,000. The bond matures for par and has a coupon rate of 5.8% convertible semi-annually.