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Today Jan. 1, 2030 Time to maturity Maturity date YTM 1 year Jan. 1, 2031 2.00% Jan. 1, 2032 2.20% Jan. 1, 2033 2.47% Jan.

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Today Jan. 1, 2030 Time to maturity Maturity date YTM 1 year Jan. 1, 2031 2.00% Jan. 1, 2032 2.20% Jan. 1, 2033 2.47% Jan. 1, 2034 2.75% Jan. 1, 2035 3.00% 2 years 3 years 4 years 5 years 12. Based on this term structure, what is the implied forward 1-year interest rate for bonds issued Jan. 1, 2032 (implying they mature Jan. 1 2033, three years from today)

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