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9. (10pts) A three-year, $1,000, 5%, par-value bond with annual coupons sells for $980, a two- year, $1,000, 4% bond with annual coupons sells for

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9. (10pts) A three-year, $1,000, 5%, par-value bond with annual coupons sells for $980, a two- year, $1,000, 4% bond with annual coupons sells for $978, and a one-year, zero-coupon, $1000 bond sells for $970. Determine the spot rates ri, 12, and r3

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