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 $998.78 880.89 815.92 752.40 685.70 a. Calculate the forward rate of interest for each year. (Round your answers to 2 decimal places.) Maturity years) Forward Rate 3 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.) 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 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 $998.78 880.89 815.92 752.40 685.70 a. Calculate the forward rate of interest for each year. (Round your answers to 2 decimal places.) Maturity years) Forward Rate 3 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.) 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