What is the price of the two-year treasury strip

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Reference no: EM131831246

A two-year Treasury strip has a yield of 3.2%, and the three Treasury strip has a yield of 3.99%. Marry thinks the one-year interest rate will be 4.48% in two years, and she willing to put her money where her mouth is. (Assume that all securities are zero-coupon securities, and that market participates can lead and borrow at the same rate)

What is the price of the two-year Treasury strip? $

What is the price of the three-year Treasury strip? $

If Marry buys the two years Treasury and reinvests the proceeds from the two-year Treasury into a one-year Treasury, then how many two-year Treasuries does Marry need to buy today if she wants $1,000 in three years?

% (Answer as a percent of $1,000 par value)

If Marry wants $1,000 in three years, how much money would Marry needs to spend on the two-year Treasury if she expects to roll the proceeds over in the second year at 4.48%?

If Marry wants to speculate on the future interest rate but doesn't want to invest any money, then what strategy will she take if she believes the one-year interest rates will be 4.48% in two years? (Assume borrow and leading at the same rate)

(Click to select)Issue a two-year note and use the proceeds to buy a three-year note. After one year borrow funds for one year to pay off the two-year note. In the third year use the proceeds from the three-year bond to pay off the one-year loan.Issue a three-year note and buy the two-year security. In two years roll the proceeds from the two-year treasury into the one-year treasury. In the third year use the proceeds from the one-year treasury to pay off the three-year loan.

According to the expectation hypotheses, what rate does the market expect the one-year rate will be in two years?

Reference no: EM131831246

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