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The 5-year spot rate is 10.5% and the 4-year spot rate is 8.8% What is the 1-year forward rate, 4 years from today? Provide your
The 5-year spot rate is 10.5% and the 4-year spot rate is 8.8% What is the 1-year forward rate, 4 years from today? Provide your answer, in percent (%) correct to TWO decimal places
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