15. The on-the-run issued bond for the Colonials Company is shown below Maturity (years) Yield to maturity (%) 7.5 7.6 7.7 Market price- 100 100 100 Using the bootstrapping methodology, the spot rates are: Spot rate (%) 7.500 7.604 7.710 Maturity( years) How can we get 3-year spot rate based on the first table having yield to maturity and market price? (lust provide formula, you do not need to do calculations) (5 points) Using the spot rates given above, what is the arbitrage-free value of a 2-year 8.5% coupon issued bond? (10 points) a. b