Question: How is this wrong 2-year T-Note has a face value of $1,000 and pays annual coupons of $10. The first coupon is due in one

How is this wrong

2-year T-Note has a face value of $1,000 and pays annual coupons of $10. The first coupon is due in one year. What is the correct price for the coupon bond today? Use the term structure of interest rates shown below Spot Rate 30% 100% 1-year The correct price for the coupon bond today is $ 846.16 (Round to the nearest cent)

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