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If the one-year spot rate on a security is 8 percent (YTM) and the one-year forward rate is 12.04%, what should the spot rate of

If the one-year spot rate on a security is 8 percent (YTM) and the one-year forward rate is 12.04%, what should the spot rate of the corresponding security with a two year maturity?

Group of answer choices 4.04% 0.40% 16.04% 8.02% 10.00%

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