The price of a zero-coupon bond (ZCB) that matures at time t=10 and that has face value 100 is $61.62 The initial price of a futures contract for the same ZCB is $74.82.

Build an n = 10 binomial model lattice model with the following parameters to compute the initial price of a forward contract on the same ZCB. The forward contract has an expiration of

t=4.

r_0,0= 5%

u = 1.1

d = 0.9

q = 1 - q =