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The 9-month libor rate is 4% (annualized). The 12-month Libor rate is 4.5%. An investor creating a homemade forward forward could earn what annualized interest

The 9-month libor rate is 4% (annualized). The 12-month Libor rate is 4.5%. An investor creating a homemade forward forward could earn what annualized interest rate on a three month $1,000,000 deposit made in nine months

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