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Suppose that three-year maturity bonds offer yield to maturity of 5% and four-year maturity bonds have yield to maturity of 7%, whats the forward rate

Suppose that three-year maturity bonds offer yield to maturity of 5% and four-year maturity bonds have yield to maturity of 7%, whats the forward rate for the fourth year? A. 11.51% B. 6.62% C. 13.23% D. 3.11%

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