ARBITRAGE: Set up an arbitrage table for the $4-$year forward bond at time $1($i$.$e$.,$ f$(4,1))$ if the actual rate is $6\mathrm{.}5\%.$ Show rates and prices to $4$ decimal places $($X$.$XXXX$\%$; $XX$.$XXXX$).$ Action is buy $($long$)$ or sell $($short$).$ Type is identifying the security, such a $1-$year bond, $2-$year forward bond, etc.

CREATING AN ARTIFICIAL CONTRACT: Create a $1-$year forward contract at time $1($i$.$e$.,$ f$(1,1))$ using the existing spot rates. Assume you plan on buying this artificial contract. What is the rate of this forward contract? Show rates and prices to $4$ decimal places $($X$.$XXXX$\%$; $XX$.$XXXX$).$