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You have a 3-year horizon for your $100,000 investment. The one-year rate is 4%, the two-year is 5% and the three-year 5.4%. What is the

You have a 3-year horizon for your $100,000 investment. The one-year rate is 4%, the two-year is 5% and the three-year 5.4%. What is the forward one-year rate for year three (also known as the three-year forward rate)?

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