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You note that the spot rates as of today are as follows: 1 year =...

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Finance

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You note that the spot rates as of today are as follows: 1 year = 2.6%, 2 year = 3.7% and 3 year = 5.5%. Knowing this, what is the yield to maturity on a 3 year annual coupon bond with a face value of $1,000 and a coupon rate of 8.0%? The bond's YTM is 5.39%. The bond's YTM is 5.34%. The bond's YTM is 5.31%. The bond's YTM is 5.26%

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