The YTMs on benchmark one year, two year, and three year annual pay bonds that are priced at par are listed in the table below bond YIELD 1 year 2 47 2 year 2 65 3 year 3 6 What is the 1 year implied forward rate 2 years from now, 2y1y Please do the problem on excel and show steps

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The YTMs on benchmark one-year, two-year, and three-year annual pay bonds that are priced at par are listed in the table below. bond YIELD 1-year

The YTMs on benchmark one-year, two-year, and three-year annual pay bonds that are priced at par are listed in the table below.

bond	YIELD
1-year	2.47
2-year	2.65
3-year	3.6

What is the 1 year implied forward rate 2 years from now, 2y1y? Please do the problem on excel and show steps.

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