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Interest rates on 4 - year Treasury securities are currently 2 . 8 4 % while 6 - year Treasury securities yield 5 . 5

Interest rates on 4-year Treasury securities are currently 2.84% while 6-year Treasury securities yield 5.56%. If the pure expectations theory is correct, what does the market believe that 2-year Treasury securities will be yielding 4 years from now. Calculate the yield using the arithmetic average. State your answer as a percentage to 2 decimal places. Do not include the % symbol.
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