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  3. 15. the one-year spot rate is 4%, the forward rate

15. The one-year spot rate is 4%, the forward rate for a one-year loan beginning...

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15. The one-year spot rate is 4%, the forward rate for a one-year loan beginning in one year is 6%, and the forward rate for a one-year loan beginning in two years is 8%, which of the following is closest to the three-year spot rate? a. b. C. 4.0% 6.096 8.0%

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