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If the 1-year spot rate is 4% and the 2-year and 3-year spot rates are 5% and 6%, respectively, what is the 2y1y implied forward

If the 1-year spot rate is 4% and the 2-year and 3-year spot rates are 5% and 6%, respectively, what is the 2y1y implied forward rate assuming annual compounding?

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8%

6%

7%

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