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one-year treasury securities yield 2.95%. The market anticipates that 1-year from now, 1-year treasury securities will yield 3.6%. If the pure expectations theory is correct,

one-year treasury securities yield 2.95%. The market anticipates that 1-year from now, 1-year treasury securities will yield 3.6%. 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 2 decimal places.

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