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A recent edition of The Wall Street Journal reported interest rates of 2.35 percent, 2.70 percent, 3.08 percent, and 3.35 percent for three-year, four-year, five-year,

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A recent edition of The Wall Street Journal reported interest rates of 2.35 percent, 2.70 percent, 3.08 percent, and 3.35 percent for three-year, four-year, five-year, and six-year Treasury notes, respectively. According to the unbiased expectations theory of the term structure of interest rates, what are the expected one-year rates during years 4, 5, and 6? (Do not round intermediate calculations. Round your percentage answers to 2 decimal places. (e.g., 32.16)) Expected One-Year Rates Year 4 % Year 5 % Year 6 %

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