You therefore can interpret the 2-year loan rate as a 2-year forward rate for the last two

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You therefore can interpret the 2-year loan rate as a 2-year forward rate for the last two years.

e. Alternatively, show that the effective 2-year forward rate equals? P-639

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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