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4. What would the yield to maturity be on a four-year zero-coupon bond purchased today? Year 1-Year Forward Rate 5% 5.5% 6.0% 6.5% 7.0% 5.

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4. What would the yield to maturity be on a four-year zero-coupon bond purchased today? Year 1-Year Forward Rate 5% 5.5% 6.0% 6.5% 7.0% 5. Given the yield on a 3-year zero-coupon bond is 7% and forward rates of 6% in year 1 and 6.5% in year 2, what must be the forward rate in year 3

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