Question: A 1-year zero coupon bond trades at price 99.2, and a 2-year 1.2% coupon bond trades at price 99, and a 3-year 2.2% coupon bond

A 1-year zero coupon bond trades at price 99.2, and a

A 1-year zero coupon bond trades at price 99.2, and a 2-year 1.2% coupon bond trades at price 99, and a 3-year 2.2% coupon bond trades at price 99.7. All coupons are assumed to be annually (not semiannually). What is the forward rate from year 1 to year 3

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