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An analyst gathered the following spot rates: Time ( year ) Annual spot rate 1 1 5 . 0 0 % 2 1 2 .

An analyst gathered the following spot rates:
Time (year) Annual spot rate
115.00%
212.50%
310.00%
47.50%
The one-year forward rate two years from now is closet to:
A.
15.74%
B.
5.17%
C.
-4.91%
D.
10.05%

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