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You observe the following prices of Treasury securities per $ 1 0 0 of par value: a 6 - month T - bill sells for

You observe the following prices of Treasury securities per $100 of par value:
a 6-month T-bill sells for 96.1538
a 1-year T-bill sells for 94.2596
a 1.5-year 10% coupon T-bond sells for 104.9142
Assume that the pure expectations theory of the term structure holds.
a.) Calculate the 6-month, 1-year, and 1.5-year spot rates on a bond-equivalent yield basis.

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