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The following table lists the annual par rates for the next 4 years: Time (years) Rate (%) 1 2.71 2 3.02 3 4.87 4 5.7

The following table lists the annual par rates for the next 4 years:

Time (years)

Rate (%)

1

2.71

2

3.02

3

4.87

4

5.7

Under these conditions, what 3 year spot rate?

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