Coupons are paid semi-annually determine the spot rate for


Term (years), Coupon, Yield-to-maturity (nominalannual rate converted semi- annually), Price

0.5, 0%, 8.1%, $96.11

1, 0%, 8.4%, $92.10

1.5, 9%, 8.6%, $100.55

2, 10%, 9.0%, $101.79

Coupons are paid semi-annually. Determine the spot rate for the 1.5-year period, expressed as a nominal rate compounded semi-annually.

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Applied Statistics: Coupons are paid semi-annually determine the spot rate for
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