. Using the information from the table below for par priced bonds that pay an annual coupon, answer the following questions: PV Factor Forward Rate 2.600% 0.9747 Year Par Coupon Zero Rate 1 2.60% 2.600% 2 3.30% 3 3.70% 4 4.30% 4.362% 4.035% 4.553% 0.8430 (a) What is the 2-year zero rate? (b) What is the 3-year zero rate? (c) What is the 1-year forward rate from year 3 to year 4? (d) Based on the yield curve above, if you expect 3-year yields will be 4.8% one year from now, is it better to (1) Invest $1,000,000 for one year and then reinvest for another three years at 4.8%, or (2) Invest $1,000,000 for for four years