The following is a list of prices for zero-coupon bonds of various maturities.

a. Calculate the yield to maturity for a bond with a maturity of (i) one year; (ii) two years; (iii) three years; (iv) four years. Assume annual coupon payments. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Maturity (Years)	Price of Bond	YTM
1	$943.40		%
2	$898.47		%
3	$847.62		%
4	$792.16		%

b. Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. Assume annual coupon payments. (Do not round intermediate calculations. Round your answers to the nearest whole percent.)

Maturity (years)	Price of Bond
1	$	943.40
2		898.47
3		847.62
4		792.16

Maturity (Years)	Price of Bond	Forward Rate
2	$898.47		%
3	$847.62		%
4	$792.16