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Assume that the Pure Expectation Theory determines interest rates in the markets. Today's market rates for different maturities are as follows: 1 year = 3

Assume that the Pure Expectation Theory determines interest rates in the markets. Today's market rates for different maturities are as follows:
1 year =3.7%
2 years =5%
3 years =5.6%
4 years =6.7%
5 years =7.5%
What is the implied 1 year interest rate for investing in 4 years?
Enter your answer as a percentage, without the percentage sign ('%'), and rounded to 1 decimal. For example, if your answer is 0.12345, this is equivalent to 12.345%, so just enter 12.4
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