Answer the below questions. (a) What are the limitations of using Treasury strips to construct the theoretical

Question:

Answer the below questions.
(a) What are the limitations of using Treasury strips to construct the theoretical spot rate curve?
(b) When Treasury strips are used to construct the curve, why are only strips used? Coupon
A coupon or coupon payment is the annual interest rate paid on a bond, expressed as a percentage of the face value and paid from issue date until maturity. Coupons are usually referred to in terms of the coupon rate (the sum of coupons paid in a...