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b. Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations. Round your
b. Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations.Round your answers to two decimal places.)
Maturity (years) | Price of Bond | ||
1 | $ | 970.90 | |
2 | 909.97 | ||
3 | 844.62 | ||
4 | 776.26 | ||
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