Question
The yield to maturity on one-year Treasury is 3.0%. The yield to maturity on two-year treasury is 3.6%. What is the forward rate of interest
The yield to maturity on one-year Treasury is 3.0%. The yield to maturity on two-year treasury is 3.6%. What is the forward rate of interest for the second year? Enter your answer as a decimal, rounded to 3 decimal places.
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Business Mathematics
Authors: Gary Clendenen, Stanley A Salzman, Charles D Miller
12th Edition
0135109787, 9780135109786
