Estimating Forward rate

Russell: What on earth is the point in simply copying anu1234's question?? Anu1234: You need to apportion between the 3 month and the 12 month rates. Between the two is 9 months, and to go from three months we need an extra 2 months. So take the 3 month rate and then subtract 2/9 of the difference between the 3 month and the 12 month rate. 1.9066 - 2/9(1.9066 - 1.8901) = 1.9029

Thank you so much John.. :)

You are welcome :-)