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The following is a list of prices for zero-coupon bonds with different maturities and par values of $1,000. According to the expectations theory, what is the expected forward rate in the third year?
Small Businesses
Enterprises that are privately owned and operated, with smaller revenue and fewer employees compared to larger companies.
All Firms
A term that encompasses all business enterprises, regardless of size, industry, or structure, operating within an economy.
Small Business Administration
A U.S. governmental agency that provides support to entrepreneurs and small businesses through loans, grants, and counseling.
Conventional Commercial Financing
Traditional forms of business funding provided by banks and financial institutions, including loans and lines of credit.
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