Question: QUESTION 22 Given the yield on a 3-year zero-coupon bond is 8.2% and forward rates of 6.3% in year 1 and 7.1% in year 2,
QUESTION 22
Given the yield on a 3-year zero-coupon bond is 8.2% and forward rates of 6.3% in year 1 and 7.1% in year 2, what must be the forward rate in year 3?
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