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A two-year bond with coupons of 7% at the end of each year and a redemption value of 100 sells for 98.19. Given the forward
A two-year bond with coupons of 7% at the end of each year and a redemption value of 100 sells for 98.19. Given the forward rate i(1,2) of 9%. Find the forward rate i(0,1).
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