What is the forward rate per annum

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Suppose the 1-year zero rate is 3% per annum, the 2-year zero rate is 4% per annum, and the 3-year zero rate is 4.6% per annum, all with continuously compounded. What is the forward rate per annum for the second year? The present value of this bond is 105.

Reference no: EM132978841

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