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) Price $ 940.93 12345 868.39 800.92 735.40 670.48 a. Calculate the forward rate of interest for each year. (Round your answers to 2 decimal places.) Maturity (years) Forward Rate 2 8.35% 3 8.42% 4 8.91 % 5 9.68 % 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 $ 1,089 8.91 %