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One year bonds currently yield 6%. We think that rate will fall to 5% next year, then to 3% after that. What is a fair
One year bonds currently yield 6%. We think that rate will fall to 5% next year, then to 3% after that. What is a fair yield on 2 and 3 year bonds if pure expectations theory holds. Needing to know where I am going wrong when inputting in the financial calculator, so step by step for the financial calculator please
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