Problem 15-7 The following is a list of prices for zero-coupon bonds of various maturities. a. Calculate the yield to maturity for a bond with a maturity of (i) one year; (ii) two years; (iii) three years; (iv) four years. (Do not round intermediate calculations. Round your answers to two decimal places.) Maturity (Years) Price of Bond YTM 1 $ 948.40 % 2 $ 921.47 % 3 $ 832.62 % 4 $ 781.99 % b. Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations. Round your answers to two decimal places.) Maturity (years) 1 2 3 4 Price of Bond $ 948. 40 921. 47 832. 62 781. 99 Maturity (Years) Price of Bond Forward Rate 2 $ 921.47 % 3 $ 832.62 % 4 $ 781.99 % Problem 15-7 The following is a list of prices for zero-coupon bonds of various maturities. a. Calculate the yield to maturity for a bond with a maturity of (i) one year; (ii) two years; (iii) three years; (iv) four years. (Do not round intermediate calculations. Round your answers to two decimal places.) Maturity (Years) Price of Bond YTM 1 $ 948.40 % 2 $ 921.47 % 3 $ 832.62 % 4 $ 781.99 % b. Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations. Round your answers to two decimal places.) Maturity (years) 1 2 3 4 Price of Bond $ 948. 40 921. 47 832. 62 781. 99 Maturity (Years) Price of Bond Forward Rate 2 $ 921.47 % 3 $ 832.62 % 4 $ 781.99 %