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Given the following projected spot rates, what is the value of the 3-year forward rate next year? 1-Year Spot = 5.25% 2-Year Spot = 6.15%

Given the following projected spot rates, what is the value of the 3-year forward rate next year? 1-Year Spot = 5.25% 2-Year Spot = 6.15% 3-Year Spot = 5.85% 4-Year Spot = 6.45%

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