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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 (.. 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 (.. years 2, 3, and 4, respectively) are as follows: 1R1 - 0.47, E(2r 1) - 1.41, B(371) = 10.78, 8(411) = 11.04 Using the unbiased expectations theory, calculate 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)) One-year Two-year Three-year Four-year Current (Long-Term) Rates % % % %

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