Question: Given the following forward rate table Year Forward Interest Rate 0 5% 1 7% 2 9% 3 10% What is the price of a 3-year

Given the following forward rate table

Year Forward Interest Rate

0 5%

1 7%

2 9%

3 10%

What is the price of a 3-year zero coupon bond with a par value of $1,000?

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