In class we learned that Treasuries pay semi-annual coupons and have $100 par values. Correspondingly, we use semi-annual period-specific discount rates to discount these cash flows. Price the bonds J,K, and L using the following set of rates. After pricing the bonds, calculate their yields to maturity.

1. In class we learned that Treasuries pay semi-annual coupons and have $100 par val- ues. Correspondingly, we use semi-annual period-specific discount rates to discount these cash flows. Price the bonds J, K, and L using the following set of rates. After pricing the bonds, calculate their yields to maturity, Year Rate(%) 0.5 0.50 1.0 0.75 1.5 1.25 2.0 1.5 2.5 2.2 3.0 2.1 Coupon Years to Bond Rate(%) Maturity J 5.00 2 K 8.00 L 0.00 1