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Question 22 1 pts Denote the two-year zero rate by R1, the three-year zero rate by R2, and the forward rate for the third year
Question 22 1 pts Denote the two-year zero rate by R1, the three-year zero rate by R2, and the forward rate for the third year by RF. All of them are annualized rates with continuous compounding. If the yield curve is downward sloping, which of the following statements is true? O R1RF>R2. O R1>R2>RF
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