You are considering investing in11 coupon rate bond with


You are considering investing in an 11% coupon rate bond with a three-year maturity and a face value of $1000. You observe the following yield curve for discount, or zero-coupon, bonds: Maturity Yield to Maturity 1 8.6% 2 8.6% 3 6.7% What is the price of the bond?

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