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One-year Treasury bills currently earn 1.50% and you expect that one year from now, 1-year Treasury bill rates will increase to 2.00% and that two
One-year Treasury bills currently earn 1.50% and you expect that one year from now, 1-year Treasury bill rates will increase to 2.00% and that two years from now, one-year Treasury bill rates will increase to 3.50%; If the unbiased expectations theory is correct, what should the current rate be on a three-year Treasury security?
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