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What is the forward rate for year 3? 1-year zero rate: 5% 2-year zero rate: 6% 3-year zero rate: 7% 4-year zero rate: 8% Please

What is the forward rate for year 3?

1-year zero rate: 5%

2-year zero rate: 6%

3-year zero rate: 7%

4-year zero rate: 8%

Please report your answer in percentage to two decimal places. For instance, 8.55% would be 8.55.

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