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6. A three-year risk-free 8% coupon bond (coupons paid annually) is trading at par. One- and two-year spot rates are 6.5 percent and 7.0 percent,
6. A three-year risk-free 8% coupon bond (coupons paid annually) is trading at par. One- and two-year spot rates are 6.5 percent and 7.0 percent, respectively. The three-year spot rate is closest to ________.
Group of answer choices
8.1%
9.2%
9.0%
10.1%
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