The function s(t) = 0.15 0.03et/4 provides the term structure of effective annual rates of zero coupon bonds of maturity t, with t in years. Find the following:

(a) The effective annual rate of a 3 year zero coupon bond.

(b) The 2-year forward effective annual rate for a one year period.

(c) The forward effective annual rate for a one year period, 3 years forward.

(d) The 3-year forward effective annual rate for a 3 month period.

(e) The forward effective annual rate for a one day period, 3 years forward (the overnight rate).

(Use 1/365 for a one-day period.)

Answer as a percentage,

correct to 2 decimals.