Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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All rates in this question are quoted with semi-annual compounding. You observe two spot rates. The 14 month spot rate is 10.90%, while the 18 month spot rate is 13.40%. What is the forward rate from 14 months to 18 months?
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