A 2-year zero-coupon bond with $100 principal is trading at $95.00. Price of a 2-year coupon bond with annual coupon of

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answerhappygod
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A 2-year zero-coupon bond with $100 principal is trading at $95.00. Price of a 2-year coupon bond with annual coupon of

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A 2-year zero-coupon bond with $100 principal is trading at
$95.00. Price of a 2-year
coupon bond with annual coupon of $10 and principal of $100 is
$104.00.
(a) What is the 2-year spot rate from t = 0 to t = 2?
(b) What is the spot rate per year from t = 0 to t = 1?
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