A corporate bond offers a 5% coupon rate and has exactly three years remaining to maturity. Interest
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A corporate bond offers a 5% coupon rate and has exactly three years remaining to maturity. Interest is paid annually. The following rates are from the benchmark spot curve:
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Time-to-Maturity 1 year 2 years 3 years Spot Rate 4.86% 4.95% 5.65%
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