You need to calibrate a 2-period binomial tree given the following par curve. Assume a volatility of 20%.

Year	Par rate
1	2%
2	3%

i_{0 = 2,} i_{1H =} 4.8452, i_{1L =} 3.2478

For Q1-Q3, using the tree calibrated for above, price a 2-year bond with a coupon of 5%.

1. What is B_1H? (Be precise to 4 decimals.)

2. What is B_1L? (Be precise to 4 decimals.)

3. What is the price of the bond, B₀? (Be precise to 4 decimals.)