1)using this data calculate the zero rates and forward rates and fill in the following table. The Forward Rate is the one that will apply for a maturity as listed in the first column with the investment beginning in six months.

2) Based on the data in Question above what is the value of a forward rate agreement (FRA) that promises to pay 6% on $1,000,000 beginning in six months that lasts for one year?

Maturity	Annual Coupon Rate	Price
1 month	0.00%	$ 99.62
3 months	0.00%	$ 98.80
6 months	0.00%	$ 97.50
12 months	0.00%	$ 95.00
18 months	4.50%	$ 99.29
24 months	6.25%	$ 102.35
30 months	5.00%	$ 99.08
36 months	5.50%	$ 95.94