The following table for 5.5% par-value bonds with annual coupons will be used in this question: Term Yield 3.4% 4.25% 3 year 4.55% 1 year 2 year Use the above table to determine the 3 year spot rate. Note that all three bonds pay annual coupons at a rate of 5.5%. (3 decimal accuracy) Suppose you purchase a zero coupon bond with 14 years to maturity at a yield to maturity of i(2) = 13.4%. 3 years later you sell the bond at a yield to maturity of i(2) = 10.6%. What is the rate of return (i.e. the holding period return) you enjoyed on your bond? Express your answer in semi-annual compounding. (3 decimal accuracy) The following table for 5.5% par-value bonds with annual coupons will be used in this question: Term Yield 3.4% 4.25% 3 year 4.55% 1 year 2 year Use the above table to determine the 3 year spot rate. Note that all three bonds pay annual coupons at a rate of 5.5%. (3 decimal accuracy) Suppose you purchase a zero coupon bond with 14 years to maturity at a yield to maturity of i(2) = 13.4%. 3 years later you sell the bond at a yield to maturity of i(2) = 10.6%. What is the rate of return (i.e. the holding period return) you enjoyed on your bond? Express your answer in semi-annual compounding. (3 decimal accuracy)