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Assume US Bank spot rates are: 1 yr: 1.00% 2 yrs: 1.55% 3 yrs: 2.10% 4 yrs: 2.45% 5 yrs: 2.70% calculated on an annual

Assume US Bank spot rates are: 1 yr: 1.00% 2 yrs: 1.55% 3 yrs: 2.10% 4 yrs: 2.45% 5 yrs: 2.70% calculated on an annual basis. What is the implied 2 year forward rate starting at the end of year 3, and ending in at the end of year 5?

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