Suppose that the prices of zero-coupon bonds with various maturities are given in the following table. The face value of each bond is $1,000. Maturity (Years) Price 1 $ 998.78 2 880.89 3 815.92 4...

Suppose that the prices of zero-coupon bonds with various maturities are given in the following table. The face value of each bond is $1,000.

a. Calculate the forward rate of interest for each year.(Round your answers to 2 decimal places.)

b.How could you construct a 1-year forward loan beginning in year 3?(Round your Rate of synthetic loan answer to 2 decimal places.
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c. How could you construct a 1-year forward loan beginning in year 4?(Round your answers to 2 decimal places.)