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22. Assume that as of today, the annualized two-year interest rate is 6.6% (i.e. 6.6% a year for two-years), while the one-year interest rate is
22. Assume that as of today, the annualized two-year interest rate is 6.6% (i.e. 6.6% a year for two-years), while the one-year interest rate is 3%. Use this information to estimate the one-year forwa...
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