The following table gives the prices of bonds:
(a) Calculate zero rates for maturities of 6 months, 12 months, 18 months, and 24 months.
(b) What are the forward rates for the following periods: 6 months to 12 months, 12 months to 18 months, and 18 months to 24 months?
(c) What are the 6-month, 12-month, 18-month, and 24-month par yields for bonds that provide semiannual coupon payments?
(d) Estimate the price and yield of a 2-year bond providing a semiannual coupon of 7% per annum.