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SHOW ALL WORK AND FORMULAS A recent edition of The Wall Street Journal reported interest rates of 6 percent, 6.35 percent, 6.65 percent, and 6.75

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SHOW ALL WORK AND FORMULAS

A recent edition of The Wall Street Journal reported interest rates of 6 percent, 6.35 percent, 6.65 percent, and 6.75 percent for three-year, four-year, five-year, and sixyear Treasury notes, respectively. According to the unbiased expectations theory, what are the expected one-year rates for years 4,5 , and 6 (i.e., what are 4f1,5f1, and 6f1)?(LG28)

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