Today, you observe the following spot rates:

Maturity (years)	Spot rate
0.5	4.0%
1	4.3%
1.5	5.1%
2	5.5%

(All rates are annualized on a semi-annual bond equivalent yield basis and so should be your answers)

A) What is the 1-year rate the market expects six months from now?

B) Assuming an arbitrage-free world, today you buy a zero-coupon bond with $100 par value and 1.5 years to maturity, and your holding period is six months. What is your holding period return rate?

C) what is the price of the bond today?

D) what is the price of the bond at the end of your holding period?

E) what is the coupon and coupon reinvestment value of the bond in your holding period?