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Suppose that the prices of zero - coupon bonds with various maturities are given in the following table. The face value of each bond is

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.
a. Calculate the forward rate of interest for each year. (Round your answers to 2 decimal places.)
b. How could you construct a 1-year forward loan beginning in year 3?(Round your Rate of synthetlc loan answer to 2 decimal
places.)
c. How could you construct a 1-year forward loan beginning in year 4?(Round your Rate of synthetlc loan answer to 2 decimal
places.)
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