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If the 1-year spot rate of interest is 6%, the 2-year spot rate is 7% and the 3-year spot rate is 8%, the forward rate
If the 1-year spot rate of interest is 6%, the 2-year spot rate is 7% and the 3-year spot rate is 8%, the forward rate for one year from now is ______ and the forward rate starting two years from now is ______.Assume all rates are effective annual rates.(Do not use the arithmetic approximation.)
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