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Consider the following spot rates for maturities of one, two, three and four years R 1 = 4.3% R 2 = 4.9% R 3 =

Consider the following spot rates for maturities of one, two, three and four years

R1 = 4.3% R2 = 4.9% R3 = 5.6% R4 = 6.4%

Find the implied forward rate for f1,1 =

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