The following forward rates apply: r1 = 0.10 r2 = 0.08 r3 = 0.05 a. Determine the spot rates for each of the three years to the nearest basis point. b.Compute the time zero present value of $100 to be received at time 3. c.Compute the time zero present value of $100 to be received at time 3 if 0.10 is the forward rate for all three years.