If the forward rate of interest from year 1 to year 2 is larger than the 1-year spot rate, what is the 2-year spot rate?

1. A) Smaller than the 1-year spot rate
2. B) Larger than the 1-year spot rate
3. C) Can’t say without knowing the 3-year spot rate
4. D) The same as the forward rate from year 1 to year 2
5. E) None of the above