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The following are continuously compounded annual spot interest rates: 1-year rate: 2%, 2 years rate: 3%, 3 years rate: 4%, 4 years rate: 5% and
The following are continuously compounded annual spot interest rates: 1-year rate: 2%, 2 years rate: 3%, 3 years rate: 4%, 4 years rate: 5% and 5 years rate: 6%. What is the 1 year continuously compounded forward interest rate, corresponding to the period from year 4 to year 5
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