Consider the following US treasury rate table expressed in percentage. Maturity Yield Yesterday Last Week Last Month t R(0,t) 6 Month 2.65 2.35 1.85 1.55 1 Year 2.75 2.70 2.20 1.90 2 Year 3.00 2.90 2.40 2.10 3 Year 4.75 4.65 4.15 3.85 5 Year 4.80 4.70 2.20 3.90 10 Year 5.00 4.90 4.40 4.10 30 Year 5.50 5.30 4.80 4.50 What was last week yield to maturity of a 3 year 5% coupon bond with annual payments? (Hint: Use the General Formula to find the price first, then compute the yield to maturity). Consider the following US treasury rate table expressed in percentage. Maturity Yield 6 Yesterday Last Week Last Month t R(0,t) 6 Month 2.65 2.35 1.85 1.55 1 Year 2.75 2.70 2.20 1.90 2 Year 2.45 2.90 2.40 2.10 3 Year 4.95 4.65 4.15 3.85 5 Year 4.80 4.70 2.20 3.90 10 Year 5.00 4.90 4.40 4.10 30 Year 5.50 5.30 4.80 4.50 The forward rate F(2.1) is the rate that applies to borrowing or lending starting in 2 years from today for an additional year. F(2,1) today is equal to: Answer in percentage with two digits decimal accuracy. Example 10.34