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The 4-year spot rate is 9.45%, and the 3-year spot rate is 9.85%. What is the 1-year forward rate three years from today? Select one:

The 4-year spot rate is 9.45%, and the 3-year spot rate is 9.85%. What is the 1-year forward rate three years from today?

Select one:

a.5.26%

b.6.26%

c.8.26%

d.7.26%

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