Use the following information to answer questions 13 through 17. Sawyer, Selbo and Shaw (SSS), an investment management firm, has compiled the following information concerning Treasury securities: Maturity Coupon Y-T-M Price 0.5 Years 0 8.0% $ 96.15 1.0 Year 0 8.3% $ 92.19 1.5 Years 8.5% 8.9% $ 99.45 2.0 Years 9.0% 9.2% $ 99.64 2.5 Years 11.0% 9.4% $103.49 3.0 Years 9.5% 9.7% $ 99.49 3.5 Years 10.0% 10.0% $100.00 4.0 Years 10.0% 10.4% $ 98.72 4.5 Years 11.5% 10.6% $103.16 5.0 Years 8.75% 10.8% $ 92.24

13. What is the one-year T-bill spot rate? (1 point)

14. What is the 1.5-year T-note theoretical spot rate? (4 points)

15. What is the two-year theoretical spot rate? (4 points)

16. What is the one-year implied forward rate six months from now? (3 points)

17. What is the one-year implied forward rate one-year from now? (3 points)