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6. If the current interest rate on one-year CD is 6 percent today and the rate on a two-year maturity prime-rated CD is 7 percent

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6. If the current interest rate on one-year CD is 6 percent today and the rate on a two-year maturity prime-rated CD is 7 percent today, the implied forward rate on a one-year CD to be delivered one year from today is? 1

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