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Consider the following spot interest rates on securities of various maturities: 1 1.0% 2 1.4% 3 1.6% 4 1.7% Compute the implied forward rate on

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Consider the following spot interest rates on securities of various maturities: 1 1.0% 2 1.4% 3 1.6% 4 1.7% Compute the implied forward rate on a 3-year security at the beginning of year 2. (2f3 ) 2.0% 1.9% O 1.4% 1.8%

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