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3-year spot rate is 5%. 5-year spot rate is 6%. 3-years forward rate 2 years from today is 7%. What is the1-year forward rate 2

3-year spot rate is 5%. 5-year spot rate is 6%. 3-years forward rate 2 years from today is 7%. What is the1-year forward rate 2 years from now?

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