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The table below provides details on three government bonds (annual coupon payment, par value = $100) Term to maturity (years) Coupon rate (% pa) Yield-to-maturity

The table below provides details on three government bonds (annual coupon payment, par value = $100)

Term to maturity (years) Coupon rate (% pa) Yield-to-maturity (% pa)
1 9.6 8.52
2 6.0 8.87
3 10.0 8.98

Another 3-year government bond paying a coupon rate of 1% pa (annual coupon payment, par value = $100).

Is the yield of this bond equal to 9%? Why or why not? justify with calculation.

All these bonds are issued by the same government.

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