Question: A 1-year bond currently sells at $961.54, while a 2-year bond sells at $907.03. Both are default-free zero-coupon bond with $1,000 par value. What

A 1-year bond currently sells at $961.54, while a 2-year bond sells

A 1-year bond currently sells at $961.54, while a 2-year bond sells at $907.03. Both are default-free zero-coupon bond with $1,000 par value. What is the forward rate for year 2?

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