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According to the Wall Street Journal, three-year Treasury yields are 5%, while 2-year Treasury yields are 2%. What is the one-year expected future interest rate
According to the Wall Street Journal, three-year Treasury yields are 5%, while 2-year Treasury yields are 2%. What is the one-year expected future interest rate starting two years from now under the pure expectations theory of term structure? Provide an answer with 5 digits to the right of the decimal.
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