1. You are given the following yield curve (spot rates at different maturities). All rates are semiannually compounded. The annual coupon rate of a one-year bond is 6%. The coupons are paid semiannually, and the face value of the bond is $100. What is the price of this bond? (16)

Maturity (year)	Spot Rate
0.5	2%
1	2.5%
1.5	3.5%
2	4.5%