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If the annual rate of interest on a 3-year Treasury bond is 11 percent, and the rate on a 1-year Treasury bond is 9 percent,
If the annual rate of interest on a 3-year Treasury bond is 11 percent, and the rate on a 1-year Treasury bond is 9 percent, then what is the expected rate on a 2-year Treasury bond to be theoretically sold one year from now?
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