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QUESTION 9 5p Suppose the forward rate is 9.2% in year 1 and 9.8% in year 2, and the yield on a 3-year zero-coupon bond

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QUESTION 9 5p Suppose the forward rate is 9.2% in year 1 and 9.8% in year 2, and the yield on a 3-year zero-coupon bond is 10.3%. What must be the forward rate in year 3? a. 11.92% O b. 10.80% O c. 11.31% d. 1.47%

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