The following is a list of prices for zero-coupon bonds of various maturities. Calculate the yields to maturity of each bond and the implied sequence of forward rates. (Do not round intermediate calculations. Round YTM answers to 2 decimal places and other answers to the nearest whole percent. Omit the "%" sign in your response.)

Maturity (Years) Price of Bond YTM Forward Rate

1 $943.40 .........% ..................%

2 $898.47 ...........% ............... %

3 $847.62 ............% ............... %

4 $792.16 ...........% ................%