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Interest rates on 4 year Treasury securities are currently 5.85% while 6 year Treasury securities yield 7.4%. If the pure expectations theory is correct what
Interest rates on 4 year Treasury securities are currently 5.85% while 6 year Treasury securities yield 7.4%. If the pure expectations theory is correct what does the market believe that two-year securities will be yielding four years from now? Calculate the yield using a geometric average. Do not round your immediate calculations. Round your answer to two decimal places
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