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Bond Z has 5 exactly years remaining until maturity offers a 6% coupon rate with interest paid annually and has par value of $100. You

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Bond Z has 5 exactly years remaining until maturity offers a 6% coupon rate with interest paid annually and has par value of $100. You observe the following chart of interest rates. Time Period Oyly Oy2y Oy3y Oy4y Oy5y" Rate 1.50% 2.50% 4.00% 5.00% 6.50% 5. What is Bond Z's price today? a. What do you expect the price of Bond Z to be in exactly 4 years (e.g., exactly 1 year before maturity)? b. What is the 2y3y forward rate? c. What is the ly4y forward rate

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