4.14 Calculation of forward rates Table 4.4, page 93 Zero rate for forward rate an n-year Investment for n th Year Year(n) ( %per annum) ( %per annum 10.0 10.5 11.0 3 10.8 11.4 11.0 11.6 5 11.5 Options, Futures, and Other Derivatives, 4th edition@ 2000 by John C. Hull Tang Yincai, C 2003, Shanghai Normal University4.14 Options, Futures, and Other Derivatives, 4th edition © 2000 by John C. Hull Tang Yincai, © 2003, Shanghai Normal University Calculation of Forward Rates Table 4.4, page 93 Zero Rate for Forward Rate an n -year Investment for n th Year Year (n ) (% per annum) (% per annum) 1 10.0 2 10.5 11.0 3 10.8 11.4 4 11.0 11.6 5 11.1 11.5