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One-, two-, and three-year maturity, default-free, zero-coupon bonds have yields to maturity of 2%, 3.5%, and 5%, respectively. What is the expected 1-year rate, 1

One-, two-, and three-year maturity, default-free, zero-coupon bonds have yields to maturity of 2%, 3.5%, and 5%, respectively. What is the expected 1-year rate, 1 year from now?

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