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You have the following information about spot rates and forward rates. Please calculate price of 4-year, 6% annual-pay, $100 par value bond Current 1-year spot

You have the following information about spot rates and forward rates. Please calculate price of 4-year, 6% annual-pay, $100 par value bond

Current 1-year spot rate is 6.6%.

One-year forward rate one year from today is 6.82%.

One-year forward rate two years from today is 7.12%.

One-year forward rate three years from today is 7.12%.

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