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What Should the Purchase Price of a 4-Year Zero-Coupon Bond

question 53

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

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