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Consider the following spot interest rates for maturities of one, two, three, and four years....

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Finance

Consider the following spot interest rates for maturities of one, two, three, and four years. r_1 = 4.1%; r_2 = 5.2%; r_3 = 5.9%; r_4 = 6.8% What is the percentage forward rate f_(1,3), where f_(1, k) refers to a forward rate for the period beginning in one year and extending for k years?

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