The following table gives the prices of bonds

Bond Principal ($)	Time to Maturity (yrs)	Annual Coupon ($)*	Bond Price ($)
100	0.5	0.0	98
100	1.0	0.0	95
100	1.5	6.2	101
100	2.0	8.0	104

*Half the stated coupon is paid every six months

1. Calculate zero rates for maturities of 6 months, 12 months, 18 months, and 24 months.
2. What are the forward rates for the periods: 6 months to 12 months, 12 months to 18 months, 18 months to 24 months?
3. What are the 6-month, 12-month, 18-month, and 24-month par yields for bonds that provide semiannual coupon payments?
4. Estimate the price and yield of a two-year bond providing a semiannual coupon of 7% per annum.