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Refer to the following table. Maturity (years) 1 2 3 4 5 Zero-coupon...

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Finance

Refer to the following table.

Maturity (years) 1 2 3 4 5

Zero-coupon YTMnrn 4.19 % 5.27 % 5.37 % 5.15 % 4.68%

What is the forward rate for year 5 (the forward rate quoted today for an investment that begins in four years and matures in five years)? The forward rate for year 5 is __________%. (Round the final answer two decimal places. Round all intermediate values to four decimal places as needed.)

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