The one-year spot interest rate now is 5%. The following one-year forward rates are also available: (Future) Beginning Dates One-year Forward Interest Rate In one year 1f2=4% In two years 2f3=5% In three years 3f4=6% What is the current price of a 4-year zero coupon bond with a par value of $1,000? 822.78 846.74 O 799.71 777.49

Q&A Education