The yield-to-maturity (“par rate”) for a benchmark one-year annual coupon bond is 2%, for a benchmark two-year annual coupon bond is 3%, and for a benchmark three-year annual coupon bond is 4%. A three-year, 5% annual coupon bond with the same risk and liquidity as the benchmarks is selling for 102.7751 today (t = 0) to yield 4%. Is this value correct for the bond given the current term structure?