INV problem 3 question 2 The spot rate for the first year, the forward rate for the second year, and the forward rate for third year are 5.2%, 5.4%, and 5.5%, respectively. What must be the price of a...

INV problem 3 question 2

The spot rate for the first year, the forward rate for the second year, and the forward rate for third year are 5.2%, 5.4%, and 5.5%, respectively.

1. What must be the price of a three-year Government of Canada 6% annual coupon bond?