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c) The government has recently issued five series of zeroes (zero-coupon bonds) with 6 month, 1 year, 18 month, 2 year and 30 month maturity

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c) The government has recently issued five series of zeroes (zero-coupon bonds) with 6 month, 1 year, 18 month, 2 year and 30 month maturity horizons. If the bonds have respective prices of $966.18, $931.68,$896.87,$862.1 and $827.66 bootstrap the 1 year, 18 month and 2 year forward 6 month rates. d) Identify if the 6 month forward-rate curve you computed in c is in a state of backwardation, contango or is flat

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