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The following table provides details on three bonds that each have a par value of $100. Assuming annual coupons, what is the forward rate between

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The following table provides details on three bonds that each have a par value of $100. Assuming annual coupons, what is the forward rate between years 2 and 3? Maturity (years) 1 2 3 Coupon rate (%) O 5 6 Yield to maturity (%) 5.25 5.50 6.00 8.49% 7.11% 9.03% O 6.35%

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