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Currently, 3-year Treasury securities yield 8.3%, 7-year Treasury securities yield 8.4%, and 10-year Treasury securities yield 8.7%. If the expectations theory is correct, what does
Currently, 3-year Treasury securities yield 8.3%, 7-year Treasury securities yield 8.4%, and 10-year Treasury securities yield 8.7%. If the expectations theory is correct, what does the market expect will be the yield on 3-year Treasury securities seven years from today?
9.40%
9.20%
9.00%
8.60%
8.80%
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