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Interest rates on 4-year Treasury securities are currently5.15%, while 6-year Treasury sec

Interest rates on 4-year Treasury securities are currently5.15%, while 6-year Treasury securities yield 7.3%. If the pureexpectations theory is correct, what does the market believe that2-year securities will be yielding 4 years from now? Calculate theyield using a geometric average. Do not round your intermediatecalculations. Round your answer to two decimal places.

Dec 04 2019 View more View Less

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