A European company just issued two bonds, as shown below: - 3 year zero coupon bonds are trading at a yield to maturity (YTM) of 8% pa, and a - 4 year zero coupon bonds are trading at a yield to maturity (YTM) of 10% pa. What is the company's forward rate over the fourth year? Give your answer as an effective annual rate, which is how the above bond yields are quoted.