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The 8-year spot rate is 9.25% and the 9-year spot rate is 9.50%. What is the 9-year/10-year forward rate (the 1-year interest rate that could

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The 8-year spot rate is 9.25% and the 9-year spot rate is 9.50%. What is the 9-year/10-year forward rate (the 1-year interest rate that could be locked in starting in 9 years from now and maturing in 10 years from now)? Use annual compounding, 6.927 19.934% c 11.521% d. 12.618%

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