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If the current 1-year spot rate is 4.0%, the current 2-year spot rate is 8.0%, and the current 3-year spot rate is 12.0%. Calculate the
If the current 1-year spot rate is 4.0%, the current 2-year spot rate is 8.0%, and the
current 3-year spot rate is 12.0%. Calculate the 1-year forward rate two years from
today.
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