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Use the information in the table below for this question. All the interest rates are annual percentage rates (APRS). 2 A B Annual Yields U.S.

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Use the information in the table below for this question. All the interest rates are annual percentage rates (APRS). 2 A B Annual Yields U.S. Treasury Bonds as of October 23rd, 2018 Maturity Today 1 Month 2.21% 3 Month 2.33% 6 Month 2.48% 3 4 5 6 1 Year 2.67% 7 2.89% 2 Year 3 Year 8 2.95% Calculate the annual the forward rate of 3-month T-bills based on the 3-month and 6-month treasury yields. Which of the following Excel formulas is correct? -(1+B5/(1+B4)-1 -{{1+85/(1+B4/2)-1)2 -((1+B5/2)/(1+B4/4)-1)4 =((1+B5/2/(1+B4/4)-1)

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