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You are given the following n-year forward rates. Year Forward Rate (n) (in.n+1) 0 2.9% 1 3.7% 2 4.4% 3 5.2% Find 4, the 4-year
You are given the following n-year forward rates. Year Forward Rate (n) (in.n+1) 0 2.9% 1 3.7% 2 4.4% 3 5.2% Find 4, the 4-year spot rate. (A) 3.92% (B) 4.05% (C) 4.17% (D) 4.31% (E) 4.46%
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