Consider three pure-discount bonds with maturities of one, two, and three years and prices of $930.23, $923.79,

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Consider three pure-discount bonds with maturities of one, two, and three years and prices of $930.23, $923.79, and $919.54, respectively. Each bond has a $1,000 face value. Based on this information, what are the one-year, two-year, and three-year spot rates?
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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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