This formula focuses on solving for one-year rates only. However, practitioners construct the entire implied future yield

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This formula focuses on solving for one-year rates only. However, practitioners construct the entire implied future yield curve. The general formula that allows solving for forward rates beyond the one-year maturity, K, is as follows:

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Financial Markets And Institutions

ISBN: 9781259919718

7th Edition

Authors: Anthony Saunders, Marcia Cornett

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