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Can you show how to solve this step by step without the excel functions please? One-year Treasury securities yield 4.05%. The market anticipates that 1
Can you show how to solve this step by step without the excel functions please?
One-year Treasury securities yield 4.05%. The market anticipates that 1 year from now, 1 -year Treasury securities will yield 4.5%. If the pure expectations theory is correct, what is the yield today for 2-year Treasury securities? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal placesStep by Step Solution
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