The Wall Street Journal reports that the rate on three-year Treasury securities is 5.60 percent and the
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The Wall Street Journal reports that the rate on three-year Treasury securities is 5.60 percent and the rate on four-year Treasury securities is 5.65 percent.
According to the unbiased expectations hypothesis, what does the market expect the one-year Treasury rate to be in year 4, E ( 4r1 )?
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Financial Institutions Management
ISBN: 9780078034800
8th Edition
Authors: Anthony Saunders, Marcia Cornett
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