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18. Suppose that the prices of zerocoupon bonds with various maturities are given in the following table. The face value of each bond is $1,000.

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18. Suppose that the prices of zerocoupon bonds with various maturities are given in the following table. The face value of each bond is $1,000. a. Calculate the forwaid rate of interest for each year. b. How could you construct a l-year forward loan beginning in year 37 Confirm that the rate on that loas equals the forward rate. - Repeat part (b) for a Isear forwatd loan bepinning in jear 4

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