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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 $1,000. a.

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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 $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 synthetic loan answer to 2 decimal places.) 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.)

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