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The following information applies to the next 6questions.Suppose that the stripped U.S. Treasury bonds were priced asfollows in Jan 2015:Maturity (years)Price196.1538290.7029383.9619What is the estimated 1-year spot interest rate for Treasurysecurities?What is the estimated 2-year spot interest rate for Treasurysecurities?3%4%5%6%7%What is the estimated 3-year spot interest rate for Treasurysecurities?3%4%5%6%7%What is the estimated forward interest rate for the 1-yearperiod starting 1/1/2016?3%4%5%6%7%Suppose there is a 3-year 10% coupon T-bond with annual couponpayment.  Based on the above stripped U.S. Treasury bondprices, what should be the price of the 10% coupon bond if there isto be no arbitrage opportunities. Assume the par value is$1,000.1,036.531,041.331,052.271,065.171,110.44QUESTION 81What is the yield to maturity of the above 3-year 10%T-bond?4.87%5.88%6.33%6.57%7.78%