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Interest rates on 3 year treasury securities are currently 5%, while 5 year treasury securities yield 8%. If the pure expectations theory is correct what

  1. Interest rates on 3 year treasury securities are currently 5%, while 5 year treasury securities yield 8%. If the pure expectations theory is correct what does the market believe that 2 year securities will be yielding 3 years from now? Answer to the nearest hundredth of a percent as in xx.xx% and enter without the percent sign.

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