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The current yield curve for default-free zero-coupon bonds is as follows: Maturity (Years) Spot rates 1 0.08 2 0.09 3 0.11 What is the yield

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The current yield curve for default-free zero-coupon bonds is as follows: Maturity (Years) Spot rates 1 0.08 2 0.09 3 0.11 What is the yield to maturity of a 3-year coupon bond with a 12% coupon rate paid annually? NOTE: Answers should be expressed in decimal form rounded to the nearest ten thousandth (0.0001) - for example, enter 1.2345% as 0.0123. Intermediate results should not be rounded to less than 8 decimal places unless instructed otherwise

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