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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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