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The stated annual spot rate are as follows but compounded on a semi-annual basis: Maturity Yield 1 year 2.584% 2 years 2.883% 3 years 2.691%

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The stated annual spot rate are as follows but compounded on a semi-annual basis: Maturity Yield 1 year 2.584% 2 years 2.883% 3 years 2.691% Calculate the rate for these periods: (a) forward rate for 1-year issued 1 year from today (b) forward rate for 1-year issued 2 years from today

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