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Five year ago, the 10-year bond was paying 9.5%. At the same time, the 5-year bond was paying just 9.3%. According to the expectation theory,

Five year ago, the 10-year bond was paying 9.5%. At the same time, the 5-year bond was paying just 9.3%. According to the expectation theory, what is the current 5-year rate expected by investors? Group of answer choices

9.3%

9.4%

9.5%

9.1%

none of the given answers is correct

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