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Suppose 6-month Treasury bills are trading at a YTM of 1%, 12-month T-bills are trading at a YTM of 3%, and 18-month theoretical spot rate

Suppose 6-month Treasury bills are trading at a YTM of 1%, 12-month T-bills are trading at a YTM of 3%, and 18-month theoretical spot rate is 6%. If 2-year Treasury notes with a coupon rate of 5% are trading at par ($100), then what is the 2-year spot rate?

Round your answer to 4 decimal places. For example if your answer is 3.205%, then please write down 0.0321.

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