Question: If the 2 - year spot rate is 3 % and the 3 - year spot rate is 4 % , what is the approximate

If the 2-year spot rate is 3% and the 3-year spot rate is 4%, what is the approximate one-year forward rate of interest starting in two years?
a)3%
b)4%
c)5%
d)6%
e)7%

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