Question: please answer step by step with explnation 1-Assume that today, the annualized two-year interest rate is 10 percent. A three-year security has annualized interest rate

please answer step by step with explnation please answer step by step with explnation 1-Assume that today, the annualized

1-Assume that today, the annualized two-year interest rate is 10 percent. A three-year security has annualized interest rate of 12 percent. What is the one-year forward rate two years from now

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