Suppose you observe the following zero-coupon bond prices per $1 of maturity payment: 0.96376 (1-year), 0.92491 (2-year), 0.88135 (3-year). Compute r0(2,3), the 1-year implied forward rate for year 3.

Answers: a. 4.01% b. 6.43% c. 4.94% d. 5.13% e. 9.35%

Please explain how to get to the answer, thank you!