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The 6-, 12-, 18-, and 24-month zero rates are quoted as 2.00%, 2.30%, 2.70%, and 3.20%, respectively. Using the term structure of interest rates theory,

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The 6-, 12-, 18-, and 24-month zero rates are quoted as 2.00%, 2.30%, 2.70%, and 3.20%, respectively. Using the term structure of interest rates theory, calculate the future 6-month forward rate, one year from now (i.e., the future 6 month spot rate between month 12 and month 18). Wherever applicable, use e = 2.71828. (5 pts)

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