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Consider the following spot interest rates for maturities of one, two, three, and four years. r 1 = 4 . 6 % r 2 =

Consider the following spot interest rates for maturities of one, two, three, and four years.
r1=4.6% r2=5.2% r3=6.1% r4=6.9%
What are the following forward rates, where fk,1 refers to a forward rate beginning in k years and extending for 1 year?

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