Verify that the 1-year forward rate 3 years hence in Figure 25.5 is 14.0134%. In Figure 25.5
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In Figure 25.5
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Year 0 Ye Year 2 Year 3 20.03% 20.1 7% 13.22% 15.68% 10% 13.66% 10.82% 12.28% 9.25% 9.62%
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