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Problem 3 a. What is the price of a 4-year, annual-pay bond with a coupon of 5.00%, given spot (zero) rates as follows: - 3.400%

Problem 3 a. What is the price of a 4-year, annual-pay bond with a coupon of 5.00%, given spot (zero) rates as follows: - 3.400% for 1 year - 4.600% for 2 years - 4.800% for 3 years - 4.900% for 4 years b. What is the yield to maturity of this bond

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