thanks in advance!

Question 17 (20 points) The par coupon rates on a 1-year and 2-year treasury bonds are 4% and 7%, respectively. You need to show how to obtain the answer briefly. (a) What is the 1-year effective yield on a 2-year zero coupon bond? (6 points) (b) What is the implied forward rate between 1 year and 2 years from now? (6 points) (c) Suppose in the market the forward rate agreement between 1 year and 2 years from now is available at 11%. Demonstrate the arbitrage that you earn by using a transaction-cash flow table. (8 points)