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You invest $1,000 in a two-year zero-coupon bond with a payoff at the end of year 2 of $1,322.50. Assuming that the one-year spot rate

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You invest $1,000 in a two-year zero-coupon bond with a payoff at the end of year 2 of $1,322.50. Assuming that the one-year spot rate is 10%, what is the implicit forward rate in year 2 of the bond

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