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22. Assume investors are indifferent among security maturities. Today, the annualized 2-year interest rate 22. Assume investors are undifferent am is 12 percent, and the

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22. Assume investors are indifferent among security maturities. Today, the annualized 2-year interest rate 22. Assume investors are undifferent am is 12 percent, and the 1-year interest rate is 9 percent. Calculate the forward rate? Show your work. 23. Explain the 'segmented markets' theory as it relates to the yield curve

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