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Suppose that the 6-month US Treasury bill rate is equal to 5.10%, and the forward rate on a 6-month Treasury bill 6 months from now
Suppose that the 6-month US Treasury bill rate is equal to 5.10%, and the forward rate on a 6-month Treasury bill 6 months from now is 7.38%. (Both are in yearly terms).
What is the 1-year bill rate? (Keep your answer to 4 decimal places, e.g 0.1234)
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