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The following information relates to Questions 8 - 10 Bond Coupon Time-to- Time-to- Spot Rate Maturity Maturity Rates X 8% 3 years 1 year 8%

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The following information relates to Questions 8 - 10 Bond Coupon Time-to- Time-to- Spot Rate Maturity Maturity Rates X 8% 3 years 1 year 8% Y 7% 3 years 2 years 9% Z 6% 3 years 3 years 10% All three bonds pay interest annually. 8. Based upon the given sequence of spot rates, the price of Bond X is closest to: A. 95.02. B.95.28. C. 97.63 9. Based upon the given sequence of spot rates, the price of Bond Y is closest to: A. 87.50. B. 92.54. C. 92.76. 10. Based upon the given sequence of spot rates, the yield-to-maturity of Bond Z is closest to: A. 9.00%. B. 9.92%. C. 11.93% 1 PM ENO 10/17/20 ... DE 18C

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