(t=0.5 ) = 0.0816 ,the 6-month Zero Interest Rate (₀R_0.5).

(t= 1) = 0.1054,the 1-year Zero Interest Rate (₀R₁)

(t=1.5 ) = 0.1277 ,the 1.5-year Zero Interest Rate (₀R_1.5).

(t=2)= 0.1286,the 2-year Zero Interest Rate

Suppose that FRM Inc. is expected to receive an amount of $1,000,000 in 1 year (i.e. at t = 1.0), which it does not need. Instead, FRM Inc. would like to receive the amount plus any interest in year 2 (i.e. at t = 2.0). Explain clearly with all steps and complete the following table: Action at T = 0 Description and Cash flow at T = 1.0 Description and Cash flow at T = 2.0