Question: Show this step by step in excel sheet In this exercise we practice going from spot to par and from swap to spot. 1 .

Show this step by step in excel sheet
In this exercise we practice going from spot to par and from swap to spot.
1. In one economy, spot yields are 3,4,5, and 6 percent (per annum, with S/A
compounding) at tenors 6,12,18, and 24 months. What are par yields at those
same tenors?
2. In a different economy, swap rates are 3,4,5, and 6 percent (per annum, with
S/A compounding) at tenors 6,12,18, and 24 months. What are spot yields at
those same tenors?

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