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. (Do not round intermediate calculations. Round your answers to two decimal places.)

Maturity (Years)	Price of Bond	YTM
1	$970.90		%
2	$909.97		%
3	$844.62		%
4	$776.26		%

b. Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations. Round your answers to two decimal places.)

Maturity (years)	Price of Bond
1	$	970.90
2		909.97
3		844.62
4		776.26

Maturity (Years) Price of Bond Forward Rate

2 $909.97%

3 $844.62%

4 $776.26%