An investor buys a 9% annual-pay bond maturing July 15,2020 on September 6, 2013, (51 days after the coupon date using a 30/360 day-count convention). The bond's yield to maturity is 8%. How much (as a percentage of par) will the investor actually pay for the bond? 106.360 104.623 105.206 You observe the following spot rates: r1=2%,r2=2.2%,r3=2.3%,r4=2.4% What is the yield to maturity on a four-year default-free bond which has a 3% annual-pay coupon? 2.392% 3.000% 2.225%