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 Year  1-Year Forward Rate 14.6%24.9%35.2%45.5%56.8%\begin{array}{cc}\text { Year } & \text { 1-Year Forward Rate } \\1 & 4.6\% \\2 &4.9\% \\3 & 5.2\% \\4 & 5.5\% \\5 &6.8\%\end{array}

question 28

Multiple Choice

 Year  1-Year Forward Rate 14.6%24.9%35.2%45.5%56.8%\begin{array}{cc}\text { Year } & \text { 1-Year Forward Rate } \\1 & 4.6\% \\2 &4.9\% \\3 & 5.2\% \\4 & 5.5\% \\5 &6.8\%\end{array}
What should the purchase price of a 3-year zero-coupon bond be if it is purchased today and has face value of $1,000?


Definitions:

Census of Agriculture

A national survey conducted to collect, analyze, and publish data on various aspects of agriculture, including farm operations, production, and management practices.

Farm Size

The total area of land under cultivation or available for agricultural production within a single farm.

Survey

A method of collecting data and opinions from individuals about various topics, usually through a set of questions.

Questionnaire

A set of written questions used for collecting information from individuals.

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