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Assume that the real interest rate is 3.5 percent. If the nominal interest rate on one-year note is 8 percent and on two-year note is

Assume that the real interest rate is 3.5 percent. If the nominal interest rate on one-year note is 8 percent and on two-year note is 10.5 percent, what is the one-year nominal interest rate that is expected for Year 2?

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