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Suppose we have the following spot rate curve from reading the yields on T-bills. 6-month: 1.20% 12-month: 2.05% What is the implied no-arbitrage 6-month spot

Suppose we have the following spot rate curve from reading the yields on T-bills.

6-month: 1.20%

12-month: 2.05%

What is the implied no-arbitrage 6-month spot rate 6 months from now? Remember how spot rates are defined. Do not put down the effective 6-month discount rate.

Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.

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