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18) Suppose the 1-, 2-, and 3-year spot rates are 2.25%, 2.50%, and 3.00%. What is the yield to maturity of a 3-year annual coupon
18) Suppose the 1-, 2-, and 3-year spot rates are 2.25%, 2.50%, and 3.00%. What is the yield to maturity of a 3-year annual coupon bond with 2.5% coupon rate and a face value of $1,000? 19) Suppose you see that the bond in question 18 is trading at a price of $975. Do you have an arbitrage opportunity? If so, what is it
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