There are three bonds trading in the market. These bonds are issued by one Energy company. The bonds are very liquid. Investors can buy or short-sell them. The following table shows the current price of the bonds, and their three-year cash flows. Price (Today) End Year 0 1 2 3 143 0 30 180 135 60 0 160 105 20 20 120 a. What is the YTM of each Bond? b. What are the spot rates implied from these bonds? The Energy Company wants to issue a new three-year bond with the following cash flows: Price (Today) End Year 0 1 2 3 ? 100 80 60 c. If there are no arbitrage opportunities, what is the price of this new bond