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Four-year Treasury securities yield 6.5%; and six-year Treasury securities yield 8.8%; If the pure expectations theory is correct, what does the market believe that two-year
Four-year Treasury securities yield 6.5%; and six-year Treasury securities yield 8.8%; If the pure expectations theory is correct, what does the market believe that two-year treasury securities will be yielding 4-years from now based on geometric average?
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