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The price of a 3-month zero-coupon bond with $100 face value is $99.50. The price of a 6-month zero-coupon bond with $100 face value

 

The price of a 3-month zero-coupon bond with $100 face value is $99.50. The price of a 6-month zero-coupon bond with $100 face value is $99.10. The price of a fixed- rate coupon bond which has a maturity of 9 months, a coupon rate of 3%, a face value of $100, and which pays coupons quarterly, is $100. Three months ago the 6-month semi- annually compounded spot rate was 4%. a. (3 points) What is the price of a 0.75-year floating-rate bond, which pays coupons semi-annually, which has a face value of $100, and the coupon rate of which is equal to the semi-annually compounded 6-month spot rate plus 2% spread? b. (1 point) What is the price of a 4-year floating-rate bond, which pays coupons semi- annually, which has a face value of $100, the coupon rate of which is equal to the semi-annually compounded 6-month spot rate, and which has just paid its most recent coupon?

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