The LIBOR zero curve is flat at 6% per annum (continuously compounded) out to 1 year. Swap rates for 1.5 and 2-year semiannual paying swaps are 6.4% and 6.6%, respectively. a) Estimate the zero rates for maturities 18 months and 24 months. b) Find the continuously compounded forward rates that apply to the following periods: FORWARD RATE (cont. compounded) PERIOD | 12 months to 18 months 18 months to 24 months c) Find the value an FRA where you will receive 6.2% (per annum semi-annually compounded) on $1 million for a six-month period starting one year later from now