The following information about bond prices are provided:

Maturity (in years)	Coupon Rate (p.a. semi-annual compounding)	Bond Price
0.5	0	$99.50
1.0	4%	$102.50
1.5	8%	$109.00
2.0	4%	$100.00

(All bonds have a face value of $100. Coupon rates are expressed with semi-annual compounding)

(a) Calculate the continuously compounded zero rates for the bonds above. Record your answers to 3 decimal places in percentage

(b) What are the forward rates for the periods: 6 months to 12 months, 12 months to 18 months, 18 months to 24 months?

(c) Use the zero rates you calculated from part (a) to estimate the price of a two-year bond providing a semi-annual coupon of 7% per annum and a face value of $100.