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1 2 3 5 Maturity (years) Zero-coupon YTM, = rn 4.00% 5.50% 5.50% 5.00% 4.50% What is the forward rate for year 2 (the forward
1 2 3 5 Maturity (years) Zero-coupon YTM, = rn 4.00% 5.50% 5.50% 5.00% 4.50% What is the forward rate for year 2 (the forward rate quoted today for an investment that begins in one year and matures in two years)? The forward rate for year 2 is %. (Round the final answer two decimal places. Round all intermediate values to four decimal places as needed.)
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