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QUESTION 21 Based on the following interest rates: 1-year spot rate 3.0% 1-year forward rate one year from now 5.0% 2-year forward rate one year

QUESTION 21 Based on the following interest rates: 1-year spot rate 3.0% 1-year forward rate one year from now 5.0% 2-year forward rate one year from now 6.5% The 3-year spot rate is closest to A) 5.0%. B) 5.3%. C) 9.3% OOO

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