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Question 36 12 pts Suppose on September 15, 2020, the yields to maturity in the table below were recorded on Treasury discount bonds. Maturity Date

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Question 36 12 pts Suppose on September 15, 2020, the yields to maturity in the table below were recorded on Treasury discount bonds. Maturity Date Yield to Maturity (%/year) September 15, 2021 1.57 September 15, 2022 1.78 September 15, 2023 1.85 September 15, 2024 1.89 (a) If the expectations theory of the term structure holds, what do bond traders expect the interest rate on one-year discount bonds to be on the following dates: A. September 15, 2021 B. September 15, 2022 C. September 15, 2023

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