Question: 3. (8 points) Suppose that we have one, two, three, and four-year bonds, each with face value normalized to $1000 and an annual coupon with

 3. (8 points) Suppose that we have one, two, three, and

3. (8 points) Suppose that we have one, two, three, and four-year bonds, each with face value normalized to $1000 and an annual coupon with a rate of 8%, priced as follows. Using the law of one price, calculate the one, two, three, and four-year spot rates

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