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

What is the forward rate in year 2?

1-year zero rate: 3%

2-year zero rate: 4%

3-year zero rate: 5%

4-year zero rate: 6%

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

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