15-4

The following is a IIst of prices for zero-coupon bonds of various maturities. a. Calculate the yleld to maturlty for a bond with a maturity of (I) one year; (II) two years; (III) three years; (IV) four years. Assume annual coupon payments. (Do not round Intermedlate calculatlons. Round your answers to 2 declmal places.) b. Calculate the forward rate for (I) the second year; (II) the third year; (III) the fourth year. Assume annual coupon payments. (Do not round Intermedlate calculations. Round your answers to 2 declmal places.)