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 Year  1-Year Forward Rate 15%25.5%36.0%46.5%57.0%\begin{array}{cc}\text { Year } & \text { 1-Year Forward Rate } \\1 & 5\% \\2 & 5.5\% \\3 & 6.0\% \\4 & 6.5\% \\5 & 7.0\%\end{array}

Question 57

Multiple Choice

 Year  1-Year Forward Rate 15%25.5%36.0%46.5%57.0%\begin{array}{cc}\text { Year } & \text { 1-Year Forward Rate } \\1 & 5\% \\2 & 5.5\% \\3 & 6.0\% \\4 & 6.5\% \\5 & 7.0\%\end{array}
What would the yield to maturity be on a four-year zero-coupon bond purchased today?


A) 5.75%
B) 6.30%
C) 5.65%
D) 5.25%

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