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PLEASE ITS URGENT, PLEASE ITS URGENT Assume that the current interest rate on a 2-year maturity security is 3.47%. People expect that 2 years from
PLEASE ITS URGENT, PLEASE ITS URGENT
Assume that the current interest rate on a 2-year maturity security is 3.47%. People expect that 2 years from now, the interest rate on 1-year maturity security will be 4.74%. What is the current interest rate on a 3-year maturity security?
A. Need information about expected interest rate one-year from now
B. 2.94%
C. Need information about interest rate on a 1-year maturity security
D. 12.13%
E. 3.89%
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