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Interest rates on 2-year Treasury securities are currently 18.50%, while 5-year Treasury securities yield 37.00%. If the pure expectations theory is correct, what does the

Interest rates on 2-year Treasury securities are currently 18.50%, while 5-year Treasury securities yield 37.00%. If the pure expectations theory is correct, what does the market believe that 3-year securities will be yielding 2 years from now? CALCULATE USING GEOMETRIC AVERAGE

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