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You are given the following information: 1-yr spot rate 2% 2-yr forward 3% (this means the 1-yr rate next year) 3-yr spot rate 3% 4-yr
You are given the following information: 1-yr spot rate 2% 2-yr forward 3% (this means the 1-yr rate next year) 3-yr spot rate 3% 4-yr forward 3.8% (same language as abov...
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