Consider the following spot rate curve:

• 6-month spot rate: 6%.
• 12-month spot rate: 11%.
• 18-month spot rate: 13%.

What is the forward rate for a 6-month zero coupon bond issued one year from today? Equivalently, the question asks for f₁², where 1 time period consists of 6 months. Remember, like spot rates, forward rates are expressed as bond-equivalent yields.

Round your answer to 4 decimal places.