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The 1-year forward rates 0 f 1 , 1 f 2 , 2 f 3 , 3 f 4 , 4 f 5 , 5 f 6 , ...
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The 1-year forward rates are 3.06%, 3.12%, 4.33%, 2.55%, 3.89%, 2.08%, 1.88%, 2.39%, 3.42% and 6.32%, respectively. According to the expectations hypothesis, the expected purchase price of a 3-year 7% annual coupon bond with a par value of $1,000 to be purchased in 5 years is $__________.
33%
0%
0%
67%