Assume the term structure of spot interest rate reported in the screen shot. Assume that the market does not allow for arbitrage opportunities, determine the structure of prices of the forward unitary zero coupon bonds.

Assume the following term structure of spot interest rates: v(0,1)=0,96v(0,2)=0,94v(0,3)=0,90v(0,4)=0,88v(0,5)=0,86 By assuming that the market does not allow for arbitrage opportunities, determine the structure of prices of the forward unitary zero coupo bonds