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
1	$	983.78
2		865.89
3		797.92
4		732.00
5		660.24

a. Calculate the forward rate of interest for each year. (Round your answers to 2 decimal places.) Forward Rate Maturity (years) 2 % 3 % % 4 5 % 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 % c. How could you construct a 1-year forward loan beginning in year 4? (Round your answers to 2 decimal places.) Face value Rate of synthetic loan % a. Calculate the forward rate of interest for each year. (Round your answers to 2 decimal places.) Forward Rate Maturity (years) 2 % 3 % % 4 5 % 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 % c. How could you construct a 1-year forward loan beginning in year 4? (Round your answers to 2 decimal places.) Face value Rate of synthetic loan %