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One-year T-bills currently earn 0.44 percent. You expect that one year from now, one-year T-bill rates will increase to 0.48 percent. If the unbiased expectations
One-year T-bills currently earn 0.44 percent. You expect that one year from now, one-year T-bill rates will increase to 0.48 percent. If the unbiased expectations theory is correct, what should the current rate be on two-year Treasury securities?
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
