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If the four and three year spot rates on a security are 6 percent and 7 percent respectively, what is the one-year forward rate? Group

If the four and three year spot rates on a security are 6 percent and 7 percent respectively, what is the one-year forward rate?

Group of answer choices 5.03% 1.21% 3.50% 2.10% 3.05%

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