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Assume that the 5 year annual spot rate is 3% and the 5.5 year annual spot rate is 3.56%. What is the expected six month
Assume that the 5 year annual spot rate is 3% and the 5.5 year annual spot rate is 3.56%. What is the expected six month rate 5 years from now, stated as a BEY? Round to two digits and state as a percent without the percent sign. For example, if your answer is 0.0754, convert to a percent 7.54%, and respond with 7.54
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