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A bank offers a 3-month zero rate on investments of 2.51% and a forward rate of 3.2% for 3-month investments starting 3 months from now.
A bank offers a 3-month zero rate on investments of 2.51% and a forward rate of 3.2\% for 3-month investments starting 3 months from now. Under the no arbitrage assumption, what should be 6 month zero rate
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