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Consider two bonds from the same issuer with different maturities: 1 year and 2 years. The yield on a 1-year bond is 4%, and the

Consider two bonds from the same issuer with different maturities: 1 year and 2 years. The yield on a 1-year bond is 4%, and the yield on a 2-year bond is 11%. What is the percentage (%) forward rate in Year 2?

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