Question: Please show all steps and double check your work! Question 11 1 pts Pricing bonds with spot rates: A four-year default-free annual-pay coupon bond is

Please show all steps and double check your work!

Please show all steps and double check your work! Question 11 1

Question 11 1 pts Pricing bonds with spot rates: A four-year default-free annual-pay coupon bond is priced at 100 percent of par. What is its coupon (in percent of par) if annual spot rates are as follows: r1 = 1.88%, r2 = 2.01%, r3 = 2.59%, r4 = 2.45% Carry intermediate calcs. to four decimals. Answer to two decimals

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