The following table provides the prices of bonds:

Bond Principal ($)	time to maturity(years	annual coupon ($)	Bond Price ($)
100	0.5	0	98
100	1.0	0	95
100	1.5	6.2	101
100	2.0	8l0	104

Half the stated coupon is assumed to be paid every six months.

(a) Calculate the (continuously compounded) annual rates for maturities of 6 months, 12 months, 18 months, and 24 months based on the above data.

(b) What are the forward rates for the periods: 6 months to 12 months, 12 months to 18 months, 18 months to 24 months?

(c) What is the par yield on the coupon bearing bond with 24 months maturity?