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If the one-year spot rate is 7% and the two-year spot rate is 9%, what is the forward rate f [1,2] ? Options A. <
If the one-year spot rate is 7% and the two-year spot rate is 9%, what is the forward rate f[1,2]?
Options
A. < 8%
B. 8% but < 9%
C. 9% but < 10%
D. 10% but < 11%
E. 11%
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