You are a bond trader and see on your screen the following information on three bonds with annual coupon payments and par value of $100: Bond Coupon rate (%) Maturity (year) Yield(%) A 0 1 4.00 B 4 2 4.50 5 3 5.00 Coupon payments are annual. (a) What are the prices of the above bonds? (3 marks) (b) Construct the current term-structure of spot interest rates. (3 marks) (c) Explain how you would synthetically replicate a zero-coupon bond with a maturity of 3 years and a par value of $100. (3 marks) (d) What should be the price of the bond so that there is no arbitrage