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You check the spot curve and find that the 1-year spot rate is 7.28%, the 2-year spot rate is 8.61%, the 3-year spot rate is
You check the spot curve and find that the 1-year spot rate is 7.28%, the 2-year spot rate is 8.61%, the 3-year spot rate is 9.29%, the 4-year spot rate is 7.41%, and the 5-year spot rate is 5.68%.
What is the 2-year short rate?
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