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Given the current market rates: one-year is 3.4% pa, two-year is 3.9% pa, three-year is 4.4% pa. Calculate the one-year rate that starts in year

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Given the current market rates: one-year is 3.4% pa, two-year is 3.9% pa, three-year is 4.4% pa. Calculate the one-year rate that starts in year one and ends in year two

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