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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? 9.5% 9.1% none of the given answers is correct 9.4% 9.3%
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