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ecet Expectations theory of If a 1-year bond rate today is 10% p.a. and the 2-year bond-rate today is 8% p.a., what should the 1-year

ecet Expectations theory of If a 1-year bond rate today is 10% p.a. and the 2-year bond-rate today is 8% p.a., what should the 1-year bond rate next year be? 3

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