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9-18
Return to question Consider the following spot interest rates for maturities of one, two, three, and four years. = 4.1% 2 = 4
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Spot-interest rates and shingle r = 4010/0 V2 = 4.5% Bu 52% Sy = 6.0% Forward rate is given by the form 127904 JOHN th12 - fofiz forward vahe beginning from year I and extending for 3 years Q = hy cals 2 = 1 year - r = Hol/ 92=600% Store t = CH 00062

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