Suppose you are given the following prices for two U.S. Treasury strips. Maturity date, Price, Yield to maturity: Nov 2014 41:25 6.83%,Nov 2015 38:27 6.87%. Assume for simplicity that the maturity dates are exactly 13 and 14 years from now (November). Calculate the forward rate of interest between Nov 2014 and Nov 2015.
Please show all steps.