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Determine the 3-year spot rate given the following information about $1000 par value annual coupon bonds maturing at par: Term in Years Coupon Rate Yield

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Determine the 3-year spot rate given the following information about $1000 par value annual coupon bonds maturing at par: Term in Years Coupon Rate Yield to Maturity 1 3.6% 4% 2 4.1% 6% 3 4.9% 8% Possible Answers A 8.14 B 6.16 8.64 D 6.25 E 7.91

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