Question: A U.S. Government T-Note with a 3-year maturity has a coupon rate of 4% and a face value of $1,000. The coupons are paid annually

A U.S. Government T-Note with a 3-year maturity has a coupon

A U.S. Government T-Note with a 3-year maturity has a coupon rate of 4% and a face value of $1,000. The coupons are paid annually and the next coupon is due in one year. Using the Treasury spot rates given in the table below, what is the price of the coupon bond? Treasury Spot Rates Term Rate t=1 9.16% t=2 6.38% t=3 2.67% The price of the coupon bond is $. (Round to the nearest cent.)

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