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If PEH holds, what does the market expect will be the interest rate on one-year securities, one year from now? Three-year securities, five years from

If PEH holds, what does the market expect will be the interest rate on one-year securities, one year from now? Three-year securities, five years from now? Maturity Yield 1 year 6.0% 2 year 6.2% 3 year 6.4% 4 year 6.5% 5 year 6.5%

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