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show steps on how to solve! Interest rates on 4 -year Treasury securities are currently 6.6%, while 6 -year Treasury securities yield 7.25%. If the
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Interest rates on 4 -year Treasury securities are currently 6.6%, while 6 -year Treasury securities yield 7.25%. If the pure expectations theory is correct, what does the market believe that 2 -year securities will be yielding 4 years from now? Calculate the yield using a geometric average, Do not round intermediate calculations. Round your answer to two decimal places Step by Step Solution
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