finiancial management

Problem 6.08 (Expectations Theory) O-Icon Key Question 7 of 15 eBook Interest rates on 4-year Treasury securities are currently 5.0%, while 6-year Treasury securities yield 7.75%. If the pure expectations theory is correct, what does the market believe that 2-year securities will be yielding 4 years from now? Calculate the Vield using a geometric average. Do not round intermediate calculations. Round your answer to two decimal places. % Check My Work Check My Work