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The prices of three zero-coupon are shown in the table below. The maturity value of each of the bonds is 1. Maturity Price 1 Year

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The prices of three zero-coupon are shown in the table below. The maturity value of each of the bonds is 1. Maturity Price 1 Year 0.977 2 Years 0.954 3 Years 0.927 Calculate the 1-year forward rate, deferred for 2 years

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