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Imagine that the interest rate on one year deposit is 2.3% and an expected one year interest rate one year from now is 5.4%? Based

Imagine that the interest rate on one year deposit is 2.3% and an expected one year interest rate one year from now is 5.4%? Based on these interest rates what would be an interest rate on two year deposit.

State the answer as a number with 2 decimals without % sign.

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