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. r1=3.44% r2=3.68% r3=4.03% r4=3.34% What is the three year forward rate one year from now (in percent)? Use the exact formula. Answer to two decimals, carry intermediate calcs. to four decimals.

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