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Assume that the current one-year bond interest rate is 0.0531 and the two forward rates are 0.0507 in one year's time and 0.0667 in two

Assume that the current one-year bond interest rate is 0.0531 and the two forward rates are 0.0507 in one year's time and 0.0667 in two years' time.What is the current spot interest rate for a three-year bond? Use four (4) decimal places.

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