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11. The term structure of interest rates is as follows: Maturity Spot Rate 1 year 16% 2 years 14% 3 years 12% What is the
11. The term structure of interest rates is as follows: Maturity Spot Rate 1 year 16% 2 years 14% 3 years 12% What is the forward rate for one year, one year from now (f1,1)? a. 15% b. 14% c. 18% d. 10.4% e. 12% f. 14.4% g. 5.8% h. 16%
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