1. Consider the following five bonds, all with notional amounts of $100.00, that are trading in a liquid market on September 30^th 2018
   1. T-bill 1: 1 year maturity, no annual coupon, market price = $99.01
   2. T-bill 1: 3 year maturity, no annual coupon, market price = $92.86
   3. Bond 1: 4 year maturity, 4% annual coupon, market price = $103.92
   4. Bond 2: 5 year maturity, 2% annual coupon, market price = $95.52
   5. Bond 3: 5 year maturity, 8% annual coupon, market price = $123.31
2. 1. given this market, what are the discount factors and implied zero coupon rates associated with annual terms 1 – 5 years?
   2. What would be the price of a new bond introduced into the market with a $100 notional, 4 year maturity and an annual coupon rate of 3%?