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Question 6. (2.25 points) The one-year spot rate is 5%, the two-year spot rate is 10%, the three-year spot rate is 13% the four-year spot

Question 6. (2.25 points) The one-year spot rate is 5%, the two-year spot rate is 10%, the three-year spot rate is 13% the four-year spot rate is 15%, and the five-year spot rate is 19%. A four-year bond pays annual coupons off 15% and has a par value of $1.000. Find the present value of the bond

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