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4. The current rates on Treasury securities are as follows: 1R1 = 4.33%, 1R2 = 5.25%, 1R3 = 5.55%, and 1R4 = 6.01%. If the
4. The current rates on Treasury securities are as follows: 1R1 = 4.33%, 1R2 = 5.25%, 1R3 = 5.55%, and 1R4 = 6.01%. If the unbiased expectations theory holds, what does the market expect the one-year Treasury rate to be three years from now? 6.15%
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