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 $ 960.66 2 870.89 3 803.92 4 738.80 5 680.72 a. Calculate the forward rate of interest for each year. (Round your answers to 2 decimal places.) Answer is complete and correct. Maturity (years) Forward Rate 2 10.31 % 3 8.33 % 4 8.81 % 5 8.53 % 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.) Answer is complete but not entirely correct. Face value Rate of synthetic loan $ 804 8.81 % c. How could you construct a 1-year forward loan beginning in year 4? (Round your Rate of synthetic loan answer to 2 decimal places.) Answer is complete but not entirely correct. Face value $ 739 Rate of synthetic loan 8.53 %