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Assume that the one-year interest rate is 1%, the two-year interest rate is 2% and the three-year interest rate is 2%.What is the expected one-year
Assume that the one-year interest rate is 1%, the two-year interest rate is 2% and the three-year interest rate is 2%.What is the expected one-year interest rate a year from now, and two years from, according to the expectations theory?
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