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Suppose that you know the following annualized, continuously compounded zero interest rates at the start of the calendar year: 3-month (1 quarter) maturity: 6.0% 6-month

Suppose that you know the following annualized, continuously compounded zero interest rates at the start of the calendar year:

3-month (1 quarter) maturity: 6.0%

6-month (2 quarters) maturity: 6.5%

9-month (3 quarters) maturity: 7%

12-month (4 quarters) maturity: 7.56%

What is the annualized forward rate for the fourth quarter?

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