You are given the following spot rates. Determine the 1 year forward rates at the beginning of year 0 through 7. Use annual compounding. Consider the formula -w) Show that it holds for your forward rates, and explain in a sentence why it must be true Yearn Rate yon 0.024 0.0245 0.026 4 0.027 0.0275 0.0275 0.028 0.029