50. (LO 6.2. 6.3.6.5) The Slice & Dice Investment Co. needs some help understanding the intricacies of bond pricing. It has observed the following prices for zero coupon bonds that have no risk of default: Maturity Price per $1 Face Value 1 year 0.97 2 years 0.9 3 years 0.81 I a. How much should Slice & Dice be willing to pay for a three-year bond that pays a 6-percent coupon, assuming annual coupon payments start one year from now? b. What is the yield to maturity of the three-year coupon bond? c. Suppose Slice & Dice purchases this coupon bond and then "un-bundles it into its four component cash flows: three coupon payments and the par value amount. At what price(s) can Slice & Dice resell each of the first three cash flows (the coupon payments) today? d. The remaining cash flow (the face value amount) is a "synthetic three-year, zero coupon bond. How much must this strip bond" be sold for if Slice & Dice is to break even on the investment? e. What is the yield to maturity on the synthetic three-year, zero coupon bond? f. Why are the answers for (b) and (e) different