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3. Suppose that the current one-year interest rate is 1R1 = 2%. Assume that the expected one-year Treasury bond rates over the following three years
3. Suppose that the current one-year interest rate is 1R1 = 2%. Assume that the expected one-year Treasury bond rates over the following three years (i.e., years 2, 3, and 4, respec- tively) as foll...
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