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2. Forward Rate (5 points) Suppose the 1.5 year zero rate is 2.6% per annum with semian- nual compounding and the 2 year zero rate

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2. Forward Rate (5 points) Suppose the 1.5 year zero rate is 2.6% per annum with semian- nual compounding and the 2 year zero rate is 2.8% per annum with semiannual compounding. What is the 1.5- to 2-year forward rate, expressed as an annual interest rate with semiannual compounding

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