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

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Suppose that the current one-year rate (one-year spot rate) and expected one-year T-bill rates over the following three years (l.e.. years 2,3 , and 4, respectively) are as follows: 1R1=0.38,E(2r1)=1.38,E(3r1)=9.2x,E(4r1)=9.55x Using the unbiased expectations theory, caiculate the current (long-term) rates for one-, two-, three-, and four-year-maturity Treasury securities. (Round your percentage answers to 3 decimal places. (e.g., 32.161))

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