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Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years (.e.. years. 2, 3, and 4,

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Suppose that the current 1-year rate (1-year spot rate) and expected 1-year T-bill rates over the following three years (.e.. years. 2, 3, and 4, respectively) are as follows: 1R1 -6%, E2r1) = 7%, E(3r1) = 7.5 %, E(41)= 7.85% Using the unbiased expectations theory, calculate the current (long-term) rates for one-, two-, three-, and four-year-maturity Treasury securities. (Round your answers to 2 decimal places.) Years 1 2 3 4 Current (Long-term) Rates % % % %

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