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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 (i.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 (i.e., years 2, 3, and 4, respectively) are as follows: 6.5096 1R1 - 5.00% E(211) - 6.00% E(311) - E(41) - 6.85% Using the unbiased expectations theory, calculate the current (long-term) rate for four-year-maturity Treasury securities. 6.09% 6.25% 5.95% G 06.01%

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