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Interest rates on 4 - year Treasury securities are currently 6 . 6 % , while year Treasury securities yield 7 . 7 5 %

Interest rates on 4-year Treasury securities are currently 6.6%, while year Treasury securities yield 7.75%If the pure expectations theory correct, what does the market that year securities will be yielding 4 years from now? Calculate the yield using a geometric averageDo not round intermediate calculationsRound your to two places %

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