Question: Use this information for the next two questions. The current yield curve for default-free zero-coupon bonds is: Maturity (years) YTM (%) Bond Price Forward Rate

Use this information for the next two questions. The current yield curve for default-free zero-coupon bonds is:

Maturity (years) YTM (%) Bond Price Forward Rate

1 10

2 11

3 12

a) What is the implied forward rate f2,3 ? (Format of the answer: 5.12 but don't include % symbol, round to 2 digits.)

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