You are given the following information with respect to a bond: Par Value = 1000 and Term to Maturity = 3 Years Annual Coupon Rate = 6% . Term (Years) 1 Annual Spot Interest Rate (i.e. Yield Rate for a period) 7% 8% 9% 2 3 Note: Annual Spot Interest Rates are interest rates which are stated now (i.e. at time t = 0) to cash- flows within a specified period in the future. The spot-interest-rate for period t, often denoted as St, is the interest rate used to value the cash-flow in period t from time 0 to time t. Generally these are applied to different products (i.e. a 1-year CD versus a 2-year CD), but they can be applied to cash-flows in a single product. These rates are usually dependent on time and the rate tends to get larger as time gets larger; this is why you will see lower rates on a 10 or 15 year mortgage versus a 30 year mortgage. Assuming that the bond pays annual coupons at the end of each year and redeems at par value, calculate the price of the bond on the date that it was issued. Round your answer to the nearest whole number