• What is the static yield for a 5-year, 6% coupon semiannual pay bond that is currently priced at $920 when the Treasury spot yields are as shown below?

Period	spot rate
1	5.200%
2	5.300%
3	5.400%
4	5.500%
5	5.600%
6	5.700%
7	5.800%
8	5.900%
9	6.000%
10	6.100%

a)1.92%

b)2.25%

c)1.78%

d)2.52%