The current 2-year zero rate is 4.0% per annum, and the current 3-year zero rate...

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Accounting

The current 2-year zero rate is 4.0% per annum, and the current 3-year zero rate is 5% per annum. What is the annualized forward rate for the one-year period starting at the end of the 2nd year? All rates are continuously compounded. (please express your answer in percentage without the percentage sign, with precision up to two digits after the decimal point. For example, if your answer is 1.05%, just write 1.05.)

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