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Interest rates on year Teasury securities are currenty 6.4%, while 6-year roury Souties yeld 7.85%. If the pure expectations theory is correct, what does the

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Interest rates on year Teasury securities are currenty 6.4%, while 6-year roury Souties yeld 7.85%. If the pure expectations theory is correct, what does the market beleve that year securities will be yielding 4 years from now? Calculate the yield using a geometrie average. Do not round Intermediate calculations. Round your answer to two decimal places Interest rates on year Teasury securities are currenty 6.4%, while 6-year roury Souties yeld 7.85%. If the pure expectations theory is correct, what does the market beleve that year securities will be yielding 4 years from now? Calculate the yield using a geometrie average. Do not round Intermediate calculations. Round your answer to two decimal places

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