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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

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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 answers to two decimal places.) Maturity (years) Price of Bond $ 1 955.00 2 901.47 838.62 3 4 779.89 Maturity (Years) Price of Bond Forward Rate $ 901.47 2 838.62 $ 779.89 4

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