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eBook Interest rates on 4 - year Treasury securities are currently 5 . 1 % , while 6 - year Treasury securities yield 7 .
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Interest rates on year Treasury securities are currently while year Treasury securities yield If the pure expectations theory is correct, what does the market believe that year securities will be yielding years from now? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal places.
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