Bond	A	B	C	D	E
Issuer	Treasury	Treasury	Treasury	Treasury	Treasury
Face Value	100	100	100	100	100
Coupon Rate	3.00%	3.00%	3.00%	3.00%	3.00%
Price	100
Maturity	1	2	3	4	5
The sequence of spot rates and forward rates are shown below,
Time to Maturity	Spot (0Rn)	Forward (n-1Fn)
1	3.00%	3.00%
2	2.90%	2.80%
3		2.70%
4		2.60%
5		2.50%

1) The price of the Bond B is closet to:

100.089

100.189

100.289

100.389

2) The price of the Bond C is closet to:

100.265

100.365

100.465

100.565

3) The price of the Bond D is closet to:

100.523

100.623

100.723

100.823

4) The YTM of the Bond D is closet to:

2.779%

2.879%

2.979%

3.079%

5) The YTM of the Bond E is closet to:

2.717%

2.727%

2.737%

2.747%

6) An investor considers the purchase of 3-year annual zero-coupon Bond F with a face value of $100. The price of the Bond F is closet to:

91.960

91.970

91.980

91.990

7) An investor considers the purchase of 4-year annual zero-coupon Bond G with a face value of $100. The YTM of the Bond F is closet to:

2.555%

2.665%

2.775%

2.885%

8) An investor considers the purchase of 1-year annual zero-coupon Bond H to be issued 1 year from today with a face value of $100. The price of the Bond H is closet to:

97.266

97.276

98.266

98.276

9) An investor considers the purchase of 2-year annual zero-coupon Bond I to be issued 1 year from today with a face value of $100. The price of the Bond I is closet to:

94.719

95.719

96.719

97.719

10) An investor considers the purchase of 2-year annual zero-coupon Bond J to be issued 2 year from today with a face value of $100. The price of the Bond J is closet to:

92.903

93.903

94.903

95.903

11) An investor considers the purchase of 2-year annual 5%-coupon Bond K with a face value of $100, currently trading at a Z-spread of 50 bps. The price of the Bond K is closet to:

100.039

101.039

102.039

103.039