Question 8 (1 pollic) One-, two-, and three-year maturity, default-free, zero-coupon bonds have yields to maturity of 6.3%, 7.4%, and 8.5%, respectively. What is the implied 1-year forward rate 2 years from today? (please use or round to 4 decimal places, for example, if your answer is 6.9832%, enter 0.0698)