Q1. Using the forward discount factor given in [Table 1], calculate the forward contract's price in which one counter-party agreed to purchase after 6 months, a Treasury bond with coupon rate 4% and with 1.5 year maturity. (interest is paid every six months)

[Table 1]

t	1	2	3	4
forward discount factor	0.98	0.97	0.95	0.96
discount factor	0.98	0.9506	0.90307	0.866947
semi-compounded rate	0.04082	0.06186	0.10526	0.08333