Question
Refer to the following table: Maturity (years) 1 2 3 4 5 Zero-coupon YTM 4.09% 5.66% 5.66% 5.22% 4.41% What is the forward rate for
Refer to the following table:
| Maturity (years) | 1 | 2 | 3 | 4 | 5 |
| Zero-coupon YTM | 4.09% | 5.66% | 5.66% | 5.22% | 4.41% |
What is the forward rate for year 5 (the forward rate quoted today for an investment that begins in four years and matures in five years)? Note: Use at least four decimal places in all intermediate calculations.
The forward rate for year 5 is nothing %. (Round to two decimal places.)
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Finance Capital A Study In The Latest Phase Of Capitalist Development
Authors: Rudolph Hilferding
1st Edition
0415436648, 978-0415436649
