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Need a thorough explanation please. Thank you! 6. Suppose that zero interest rates with continuous compounding are as follows: Maturity Rate (months) (% per annum)

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Need a thorough explanation please. Thank you!

6. Suppose that zero interest rates with continuous compounding are as follows: Maturity Rate (months) (% per annum) 3 8.0 6 8.2 9 8.4 12 8.6 15 8.8 Calculate forward interest rates for the second, third, fourth and fifth quarters with continuous compounding and quarterly compounding

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