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CREATING AN ARTIFICIAL CONTRACT: Create a 1 - year forward contract at time 1 ( i . e . , f ( 1 , 1

CREATING AN ARTIFICIAL CONTRACT: Create a 1-year forward contract at time 1(i.e., f(1,1)) using the existing spot rates. Assume you plan on buying this artificial contract. What is the rate of this forward contract? Show rates and prices to 4 decimal places (X.XXXX%; $XX.XXXX).

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