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You would like to know what the market expects the 1 year rate will be three years from now. You observe the following prices for

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You would like to know what the market expects the 1 year rate will be three years from now. You observe the following prices for pure discount, or zero-coupon, bonds: What is the forward rate between year 3 and 4 ? [Please express your answer as a percent without the percentage sign so for 10.32% please enter 10.32]

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