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A recent edition of The Wall Street Journal reported interest rates of 7 . 2 5 percent, 7 . 6 0 percent, 7 . 9
A recent edition of The Wall Street Journal reported interest rates of percent,
percent, percent, and percent for and year Treasury security
yields, respectively. According to the unbiased expectation theory of the term structure
of interest rates, what are the expected year forward rates for years and Do
not round intermediate calculations. Round your answers to decimal places.
Answer is complete but not entirely correct.
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