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One-year Treasury securities yield 7.7%,2-year Treasury securities yield 6.8%, and 3-year Treasury securities yield 7%. Assume that the expectations theory holds. What does the market
One-year Treasury securities yield 7.7%,2-year Treasury securities yield 6.8%, and 3-year Treasury securities yield 7%. Assume that the expectations theory holds. What does the market expect will be the yield on 1 -year Treasury securities two years from now? 8.4% 8.9% 7.9% 7.4% 9.4%
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