Suppose

Today a $1-$year zero$-$coupon bond costs $$98$

Today you can enter a contract to buy a $1-$year zero$-$

coupon bond $1$ year from today for $$98($forward

contract$)$

What must be the price today of a $2-$year zero$-$coupon

bond?

How could you make an arbitrage if the $2-$year zero

were trading at $$95?$