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hi pleasee explain a and b step by step witjout looking at othwr solutions on chwgg becayse they are wrong 111 3. The 6-month, 12-month.

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hi pleasee explain a and b step by step witjout looking at othwr solutions on chwgg becayse they are wrong

111 3. The 6-month, 12-month. 18-month, and 24-month zero rates are 4%, 5%, 5.5%, and 6% with semi-annual compounding. (a) What are the rates with continuous compounding? (b) What is the forward rate for the six-month period beginning in 12 months with continuous compounding? (c) What is the forward rate for the ix-month period beginning in 12 months with semiannual compounding? (d) What is the value of an FRA where you will receive fixed 6% (com- pounded semiannually) on a principal of $1 million for the six-month period starting in 12 months

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