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The following table shows the prices of a sample of Treasury strips. Each strip makes a single payment at maturity. Price, (8 of face valuc)
The following table shows the prices of a sample of Treasury strips. Each strip makes a single payment at maturity. Price, (8 of face valuc) 98.4528 94.951 91.144 87.080 Years to Maturity a. What is the 1-year interest rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Interest rate b. What is the 2-year interest rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Interest rate C. What is the 3-year interest rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Interest rate d. What is the 4-year interest rate? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Interest rate%
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