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Assume 1-year spot rate is 4%, 2-year spot rate is 5%, 3-year spot rate is 6%. And the forward price for a two-year zero-coupon bond

Assume 1-year spot rate is 4%, 2-year spot rate is 5%, 3-year spot rate is 6%. And the forward price for a two-year zero-coupon bond beginning in three years is known to be 0.8479. The price today of a five-year zero-coupon bond is closest to:

A. 0.8479

B. 0.9524

C. 0.7119

D. 0.7835

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