Question: please answer fast Currently, the term structure is as follows: 1-year zero-coupon bonds yield 7%; 2-year zero-coupon bonds yield 8%; 3-year and longer- maturity zero-coupon

please answer fast

Currently, the term structure is as follows: 1-year zero-coupon bonds yield 7%; 2-year zero-coupon bonds yield 8%; 3-year and longer- maturity zero-coupon bonds all yield 9%. You are choosing between 1-, 2-, and 3-year maturity bonds all paying annual coupons of 8%. a. What is the price of each bond today? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) 1 Year 2 Years 3 Years Price (Today) b. What will be the price of each bond in one year if the yield curve is flat at 9% at that time? (Do not round Intermediate calculations. Round your answers to 2 decimal places.) 1 Year 2 Years 3 Years Price (in One Year)

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