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Mary is considering buying a four-year bond with coupon rate of 5%, face value $100 and annual coupons. What is the price of the four-year

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Mary is considering buying a four-year bond with coupon rate of 5%, face value $100 and annual coupons. What is the price of the four-year bond if according to the zero-coupon yield curve (assume all rates are EARs), - the one-year spot rate is 3.7% - the two-year spot rate is 3.9% - the three-year spot rate is 3.0% - the four-year spot rate is 4.4% Answer in $ and include two decimal places. Do not include the ' $ ' in your answer. E.g., 987.65 would be entered if the answer was $987.6543. Your Answer: Mary is considering buying a four-year bond with coupon rate of 5%, face value $100 and annual coupons. What is the price of the four-year bond if according to the zero-coupon yield curve (assume all rates are EARs), - the one-year spot rate is 3.7% - the two-year spot rate is 3.9% - the three-year spot rate is 3.0% - the four-year spot rate is 4.4% Answer in $ and include two decimal places. Do not include the ' $ ' in your answer. E.g., 987.65 would be entered if the answer was $987.6543. Your

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