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The two-year spot rate is 4% and the four-year spot rate is 5%. You can buy a tw

ID: 2785307 • Letter: T

Question

The two-year spot rate is 4% and the four-year spot rate is 5%. You can buy a two-year zero coupon bond or a four-year zero coupon bond. Which bond will have the highest return over the first year?

A.

The two-year zero.

B.

The four-year zero.

C.

Both zeros will have the same return over the first year.

You have one-year, three-year, and four-year spot rates. Which of the following forward rates cannot be computed from this information.

A.

Three-year loan beginning in one year

B.

Two-year loan beginning in two years

C.

Two-year loan beginning in one year

D.

One-year loan beginning in three years

A.

The two-year zero.

B.

The four-year zero.

C.

Both zeros will have the same return over the first year.

Explanation / Answer

C.both will have same return over the first year

B. Two year loan beginning in two years