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Treasury zero rates for various maturities are given below ( with continuous compounding ) : Maturity ( years ) Zero rate ( continuous ) 1

Treasury zero rates for various maturities are given below (with continuous compounding):
Maturity (years) Zero rate (continuous)
12.25%
22.69%
33.2%
43.22% What is the 1-year forward rate (with annual compounding) from year 2 to year 3? Express your answer as a decimal (not a percent).

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