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Assume the yield curve is currently flat at 5%. Suppose the 2-year swap spread is 20bps and the 4-year swap is 40bps. What is the

Assume the yield curve is currently flat at 5%. Suppose the 2-year swap spread is 20bps and the 4-year swap is 40bps. What is the no-arbitrage swap spread on a 2-year forward 2-year swap (where you can lock in the swap spread today and the cash flows are exchanged at t=3 and t=4)?

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