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According to the liquidity premium theory of the term structure of interest rates, if the one-year bond rate is expected to be 4%, 5%, and

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According to the liquidity premium theory of the term structure of interest rates, if the one-year bond rate is expected to be 4%, 5%, and 7% over each of the next three years, and if the liquidity premium on a three-year bond is 1%, then the interest rate on a three-year bond is %. (Round your response to the nearest whole number)

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