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The 5-year spot interest rate is 5.3% and the 3-year spot interest rate is 4.6%. What is the implied forward rate on a 2-year bond

The 5-year spot interest rate is 5.3% and the 3-year spot interest rate is 4.6%. What is the implied forward rate on a 2-year bond originating 3 years from now? A. 5.9% B. 6.1% C. 6.8% D. none of the above.

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