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Yield rates to maturity for zero coupon bonds are currently quoted at 8.3% for one-year maturity, 8.8% for two-year maturity, and 10.6% for three-year maturity.
Yield rates to maturity for zero coupon bonds are currently quoted at 8.3% for one-year maturity, 8.8% for two-year maturity, and 10.6% for three-year maturity. Let i be the one-year forward rate for year two implied by current yields of these bonds. Calculate i. Round your answer to one decimal place.
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