Treasury spot rates are as follows in today's market: 1 2 3 Maturity (years) Spot rate 2% 2.8% 3.9% Part 1 - Attempt 2/3 for 6.7 pts. One year ago, a 3-year Treasury note ($1,000 face value, 4.8% coupon rate and pays annual coupon) was issued and today it has two years left to maturity and two cashflows left to pay. What is the fair value today of this security? 0+ decimals Submit Part 2 | Attempt 1/2 for 10 pts. If this security is fairly priced in today's market, what can you tell about the YTM? Check all that apply: YTM is the complex average of 1-yr, 2-yr and 3-yr Treasury spot rates 3.9% > YTM > 2.8% 2.8% > YTM > 2% YTM is the arithmetic average of 1-yr, 2-yr and 3-yr Treasury spot rates YTM is the complex average of 1-yr and 2-yr Treasury spot rates 0 YTM > 3.9% YTM