If in todays respective markets for one month, three month and six month mortgage coupon payments trading determines a market price of $99.50 per $100 of coupon payment receivable in one month. $98.25 today per $100 of coupon receivable in three months and $97.25 per $100 of coupon payment receivable in six months.

a) calculate the respective net and gross values of the current market rates of interest and discount on these one, three and six month coupon payments.

b) Using english only, state the definitions of the respective market values of the interest rate and the discount rate, in the case of the six month coupon.

c) Using english only, state for this same six month coupon, which respective cash flow is being valued and which is being used to measure this value( unit of measure) in the calculation of its market interest rate.

d) do the same as in part c of this problem for the market discount rate determined by this same six month coupon