FOUR DEC 1. You are given the following benchmark spot rates: (Total 20 points) Maturity Spot rate 2.90% N 3.20% 3.60% 4.20% a. Compute the forward…

How do I solve this?

This question has part a through d and, not so sure how to go about answering.

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FOUR DEC1. You are given the following benchmark spot rates: (Total 20 points)MaturitySpotrate2.90%N3.20%3.60%4.20%a. Compute the forward rate between years 1 and 2. (5 points)Inb. Compute the forward rate between years 1 and 3. (5 points)