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Consider the following spot interest rates for maturities of one, two, three, and four years. r 1 = 5 . 4 % , r 2
Consider the following spot interest rates for maturities of one, two, three, and four years.
What are the following forward rates, where refers to a forward rate for the period beginning in one year and extending for years?
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to decimal places.
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