We observe that current price of a zero-coupon bond with one year maturity is $0.97 (paying $1

Question:

We observe that current price of a zero-coupon bond with one year is $0.97 (paying $1 at t = 1). We also observe the current implied forward rate is 2.5%. Under the forward measure, price a six month caplet paying six month Libor. Assume the following dynamics under the forward measure: dFt = σFtdWt. Assume volatility is set at 9%, a strike rate of 3%. Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...