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Suppose 1R1=3.26%,1R2=1.44%, and 1R3=3.72%. If the unbiased expectation theory (UET) holds, what is the expected one-year interest rate for year 3, E(3|/1)? Keep 2 decimal
Suppose 1R1=3.26%,1R2=1.44%, and 1R3=3.72%. If the unbiased expectation theory (UET) holds, what is the expected one-year interest rate for year 3, E(3|/1)? Keep 2 decimal places
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