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One-Year Treasury securities Yield 2.9%. The market anticipates that 1 year from now, 1 year Treasury securities will yield 5.7%. If the pure expectations theory

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One-Year Treasury securities Yield 2.9%. The market anticipates that 1 year from now, 1 year Treasury securities will yield 5.7%. If the pure expectations theory is correct, what is the yield today for 2 year Treasury securities? Calculate the yield using a geometric average. Do not round intermediate calculations. Round your answer to two deomal places

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