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Problem 15-7 The following is a list of prices for zero-coupon bonds of various maturities. a. Calculate the yield to maturity for a bond with

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Problem 15-7 The following is a list of prices for zero-coupon bonds of various maturities. a. Calculate the yield to maturity for a bond with a maturity of (i) one year; (ii) two years; (iii) three years; (iv) four years. (Do not round intermediate calculations. Round your answers to two decimal places.) YTM Maturity (Years) Price of Bond $ 960.90 $ 904.97 $ 846.121 $ 780.76 b. Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations. Round your answers to two decimal places.) Maturity (years) HNm Price of Bond $ 960.90 904.97 846.12 780.76 Forward Rate Maturity (Years) Price of Bond $ 904.97 3 $ 846.12 $ 780.76

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