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The 9-month Libor rate is 4%. The 12-month Libor rate is 5%. An investor creating a homemade forward forward could earn what annualized interest rate

The 9-month Libor rate is 4%. The 12-month Libor rate is 5%. An investor creating a homemade forward forward could earn what annualized interest rate on a 3-month $1,000,000 deposit made in 9 months?

Note: I think the answer is 4.85%, but I am not 100% sure. Please show work and calculations.

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