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URGENT !! You have estimated spot rates as follows: r1 = 5.00%, r2 = 6.00%, r3 = 7.00%, r4 = 8.00%, r5 = 9.00%. Calculate

URGENT !!

You have estimated spot rates as follows: r1 = 5.00%, r2 = 6.00%, r3 = 7.00%, r4 = 8.00%, r5 = 9.00%. Calculate the yield to maturity of a bond with $1,000 face value, annual coupon rate 11.0%, and five-year to maturity.

Multiple Choice

7.6%

6.6%

11%

8.6%

9.6%

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