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Assume that the current spot rate on 2-year bonds is 4.75% and the current spot rate on 5-year bonds is 4.25%. What is the implied
Assume that the current spot rate on 2-year bonds is 4.75% and the current spot rate on 5-year bonds is 4.25%.
What is the implied forward rate for the yield on 3-year bonds, two years from today?
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