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Consider the following spot rate curve: -6-month spot rate: 3% -12-month spot rate: 5%. - 18-month spot rate: 7%. - 24-month spot rate: 10%. What

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Consider the following spot rate curve: -6-month spot rate: 3% -12-month spot rate: 5%. - 18-month spot rate: 7%. - 24-month spot rate: 10%. What is the forward rate for a 12-month zero coupon bond issued one year from today? Equivalently, the question asks for f22, where 1 time period consists of 6 months. Assume semiannual compounding. Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321

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