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Bond Pricing Elon is a bond trader who wants to price a descending coupon bond with a face value of $1000 and a coupon profile

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Bond Pricing Elon is a bond trader who wants to price a descending coupon bond with a face value of $1000 and a coupon profile given in the table below: 0 2 3 4 Year Coupons 1 400 5 200 350 300 250 To help price the bonds, Elon has collected the following zero coupon bond prices (all with a face value of $100) listed in the table below. 0 Year Zero coupon bond prices Spot rates 1 2 3 4 5 $ 97.91 $ 96.31 $ 95.21 $ 92.34 $ 89.34 ? ? ? ? ? Compute the price of this descending coupon bond. Is it possible to compute the price of this bond quickly without first computing the spot rates? Yes/No

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