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Suppose the price of 1-year maturity zero-coupon bonds with face value of $1,000 is $952.38 and the price of 2-year zeros with $1,000 face value
Suppose the price of 1-year maturity zero-coupon bonds with face value of $1,000 is $952.38 and the price of 2-year zeros with $1,000 face value is $890. Determine the forward rate for the second year.
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