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One - year Treasury bills currently earn 1 . 3 0 percent. You expect that one year from now, 1 - year Treasury bill rates

One-year Treasury bills currently earn 1.30 percent. You expect that one year from now, 1-year Treasury bill rates will increase to 1.50 percent. If the unbiased expectations theory is correct, what should the current rate be on 2-year Treasury securities?(Round your answer to 2 decimal places.)

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