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Find out the forward rate for the 4 th year if the expected annual return for 4 years is 5 . 5 % and the

Find out the forward rate for the 4th year if the expected annual return for 4 years is 5.5% and the expected annual return for the first 3 years is 5.6%. Show the formulas used and the calculations. Points will be deducted for not showing formulas and calculations. You may use Excel and upload it. This is the bonus question.
 
 

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