Suppose that the yield on a 1 year t-strip is 1.55% and the yield on a 2 year t-strip is 3.90%. The yield on a 1 year, zero coupon corporate bond is 5.80%, and the yield on a 2 year, zero coupon corporate bond is 10.30%.

(A) What is the 1 year forward rate for the corporate bond?

(B) What is the probability of default for the corporate bond in year 2?

(C) What is the cumulative probability of default for the corporate bond over the 2 years?