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Suppose that the current one-year rate and expected one-year T-bill rates over the following three years (ie.. years 2. 3, and 4, respectively) are as

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Suppose that the current one-year rate and expected one-year T-bill rates over the following three years (ie.. years 2. 3, and 4, respectively) are as follows: 1R1 - 1.21%, E(211) 3.31%, E(381) - 5.71%, E 4rt) - 7.38% Using the unbiased expectations theory, calculate the current long-term) rates for four-year-maturity Treasury securities

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