Question
2. A two-year Treasury bill offers a 7.8% yield to maturity. The market's concensus forecast is that one-year T-bills will offer 8.7% next year. What
2. A two-year Treasury bill offers a 7.8% yield to maturity. The market's concensus forecast is that one-year T-bills will offer 8.7% next year. What is the current yield on a 1-year T-bill if the expectations hypothesis holds? Enter your answer as a percentage. Do not include the percentage sign in your answer.
Enter your response below. Enter your answer to 2 DECIMAL PLACES.
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Theory Of Constraints Handbook
Authors: James Cox, John Schleier
1st Edition
0071665544, 978-0071665544
