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Consider a 3-year bond with a par value of 1000 and a coupon rate of 5% payable annually. The one, two, and three year annual

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Consider a 3-year bond with a par value of 1000 and a coupon rate of 5% payable annually. The one, two, and three year annual spot interest rates are 0.03, 82, and 0.06, respectively. If the price of the bond is 975, calculate the value of sy and also calculate the value of the one year forward rate deferred one year (i.e. f.)

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