What is the price of a 4-year, 8.1% coupon rate, $1,000 face value bond that pays interest annually if the yield to maturity on similar bonds is 7.1%? The price of the bond is $. (Round to the nearest cent.) A U.S. Government T-Note with a 3-year maturity has a coupon rate of 6% and a face value of $1,000. The coupons are paid annually and the next coupon is due in one year. Using the Treasury spot rates given in the table below, what is the price of the coupon bond? Treasury Spot Rates Term Rate t = 1 8.97% t=2 5.89% t=3 3.63% The price of the coupon bond is $. (Round to the nearest cent.)