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Consider the following spot interest rates for maturities of one, two, three, and four years. - 5.48 r2 - 5.94 1 - 6.61 - 7.41

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Consider the following spot interest rates for maturities of one, two, three, and four years. - 5.48 r2 - 5.94 1 - 6.61 - 7.41 What are the following forward rates, where fk1 refers to a forward rate beginning in k years and extending for 1 year? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places.) 12,1 13,1 %

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