The following is a list of prices for zero coupon bonds of various maturities. Calculate the yields to maturity of each bond and the implied sequence of forward rates.
|
Maturity (Years) |
Price of Bond ($) |
|
1 |
$943.40 |
|
2 |
898.47 |
|
3 |
847.62 |
|
4 |
792.16 |