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 payment 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 discount rate, in the case of the six month coupon