14. As in the previous problem, consider holding a 3-year bond for 2 years. Nowsuppose that interest

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14. As in the previous problem, consider holding a 3-year bond for 2 years. Nowsuppose that interest rates can change, but that at time 0 the rates in Table 1 prevail. What transactions could you undertake using forward rate agreements to guarantee that your 2-year return is 6.5%?

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