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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
- 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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