All forward rates are expected six-month rates. All rates are stated annually, as BEYs. If in doubt as to how a rate is defined, read the Definition column!! Rate Six month spot rate, stated as BEY= 7.5% One year spot rate, stated as BEY = 7.8% Six month forward rate, stated as BEY = 8.1% Definition (please read!!) Zero coupon rate for a six month zero coupon bond, stated as BEY Zero coupon rate for a one year zero coupon bond, stated as BEY Expected six-month rate six months from now (stated as BEY) One year forward rate, stated as BEY=8.584% Expected six-month rate one year from now 1.5 year forward rate, stated as BEY = 9.103% 2 year forward rate, stated as BEY = 9.644% (stated as BEY) Expected six-month rate 1.5 years from now (stated as BEY) Expected six-month rate 2 years from now (stated as BEY) 2.5 year forward rate, stated as BEY=10.201% Expected six-month rate 2.5 years from now 3 year forward rate, stated as BEY = 10.777% (stated as BEY) Expected six-month rate 3 years from now (stated as BEY) What is the price of a 2.5-year zero coupon bond with semi-annual compounding a par value of $100? Round your answer to three decimal places. SHOW YOUR WORK IN EXCEL IF POSSIBLE