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The following is a list of (annualized) yields to maturity for risk-free zero-coupon bonds. Maturity (Years) 1 2 3 4 5 Zero Coupon Spot Rates

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The following is a list of (annualized) yields to maturity for risk-free zero-coupon bonds. Maturity (Years) 1 2 3 4 5 Zero Coupon Spot Rates 3.0% 3.5% 4.0% 5.0% 5.5% a) Calculate the single annualized forward rate that applies between the end of year 2 and the end of year 5

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