Problem 15-18 Suppose that the prices of zero-coupon bonds with various maturities are given in the following table. The face value of each bond is $1,000. Maturity (Years) 1 Price $990.66 900.89 839.92 2 3 779.60 695.66 a. Calculate the forward rate of interest for each year. (Round your answers to 2 decimal places.) Maturity (years) Forward Rate 2 % 3 % % 4 5 % b. How could you construct a 1-year forward loan beginning in year 3? (Round your Rate of synthetic loan answer to 2 decimal places.) Face value Rate of synthetic loan % c. How could you construct a 1-year forward loan beginning in year 4? (Round your answers to 2 decimal places.) Face value Rate of synthetic loan %