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b. Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations. Round your

b. Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations.Round your answers to two decimal places.)

Maturity (years) Price of Bond
1 $ 970.90
2 909.97
3 844.62
4 776.26

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