I already provided spot rates for the question and also calculated the forward rates but I am not sure about the all the parts of the question 2. Can you please provide me answers with explanation.

\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline Face value & 10 & & & & & & & & \\ \hline & Coupon type & Price & Coupon rate & Semiannual period & Maturity (Years) & Period coupon & Discount sum & Spot rate & Forward rate \\ \hline & Zero coupon & 96.5 & 0 & 1 & 0.5 & 0 & 0.9822 & 3.63% & \\ \hline & Zero coupon & 93.5 & 0 & 2 & 1 & 0 & 1.9489 & 3.42% & 3.21% \\ \hline & Coupon & 103.8 & 9 & 3 & 1.5 & 4.5 & 2.8582 & 6.43% & 12.60% \\ \hline & Coupon & 103 & 8 & 4 & 2 & 4 & 3.7387 & 6.47% & 6.57% \\ \hline & Coupon & 101 & 8.5 & 5 & 2.5 & 4.25 & 4.5551 & 8.28% & 15.69% \\ \hline & Coupon & 102 & 11 & 6 & 3 & 5.5 & 5.2845 & 10.80% & 23.87% \\ \hline & Coupon & 99 & 9 & 7 & 3.5 & 4.5 & 6.0043 & 9.62% & 2.65% \\ \hline & Coupon & 93 & 8.5 & 8 & 4 & 4.25 & 6.6516 & 11.17% & 22.40% \\ \hline & Coupon & 89 & 9 & 9 & 4.5 & 4.5 & 7.2168 & 13.09% & 29.04% \\ \hline & Coupon & 101 & 11 & 10 & 5 & 5.5 & 7.7979 & 11.16% & 5.46% \\ \hline \end{tabular} 2. (50 pts) Using the spot rates you calculated in question 1 : a) Compute the forward rate between years 1 and 2 . b) Compute the forward rate between years 3 and 4 . c) Suppose one of your clients offers to commit to borrowing money from you between year 3 and year 4 at a rate of 13\%. Is there any way you can profit from this? Is this strategy an arbitrage