Interest rates on 4-year Treasury securities are currently 5.35%, while 6-year Treasury securities yield 7.65%. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below. X Open spreadsheet If the pure expectations theory is correct, what does the market believe that 2-year securities will be yielding 4 years from now? Calculate the yield using a geometric average. Do not round your intermediate calculations. Round your answer to two decimal places. % File Du 19 87 ANTENA998 6 Algebraic solution: 10 Expectations Theory 3 4-yr. Treasury security yield 4 6-yr. Treasury security yield. 14 15 Home 18 19 20 21 22 23 24 25 26 27 Arial A Geometric solution: 1+ Total return earned on 6-year securities 13 1 + Total retum earned on 4-year securities Yield on 2-yr. securities, 4 years from now = fx Total return earned on 6-year securities Total return earned on 4-year securities Yield on 2-yr. securities, 4 years from now Draw Page Layout 10 Sheet1 + B B 5.35% 7.65% Formulas Borders D Data Formulas #N/A #N/A #N/A #N/A #N/A #N/A Review View E F at Help G Editing Percentage H I J +0 .00 K CO D L V V M N v v Ov 0 P Q Comments R