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According to the Expectations Theory of the term structure, if interest rates are expected to be 2%,2%,4%, and 5% over the next four years, which

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According to the Expectations Theory of the term structure, if interest rates are expected to be 2%,2%,4%, and 5% over the next four years, which yield is the closest to the yield on a three-year bond today? Multiple Choice 8% 4% 4.3% 2.7%

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