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The current prices of 1 - year and 3 - year maturity zero - coupon bonds are 9 2 and 7 1 . 1 8

The current prices of 1-year and 3-year maturity zero-coupon bonds are 92 and 71.18, respectively, both with par =100. A two-year maturity bond with a coupon of 10% per annum (coupons for this bond are paid annually), with par value of 100, is currently trading at 99.2. What is the forward rate (per annum) over the 3rd year (using continuous compounding)

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