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A 2-year Treasury bill currently offers a 22% rate of return. A 3-year Treasury note offers a 44% rate of return. Under the expectations theory,
A 2-year Treasury bill currently offers a
22%
rate of return. A 3-year Treasury note offers a
44%
rate of return. Under the expectations theory, what rate of return do investors expect a 1-year Treasury bill to pay 2 year from now?
The rate of return investors expect a 1-year Treasury bill to pay 2 years from now is
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