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Given the following table of spot rates, find the forward rate for a two year investment beginning 3 years from now. Spot rate 1 year

  1. Given the following table of spot rates, find the forward rate for a two year investment beginning 3 years from now.

Spot rate

1 year

2.148%

2 year

3.974%

3 year

4.894%

4 year

5.237%

5 year

5.511%

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