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Suppose we observe the following rates: 1 R 1 = 3 . 2 % , 1 R 2 = 5 . 5 % . If

Suppose we observe the following rates: 1R1=3.2%,1R2=5.5%. If the unbiased expectations theory of the term structure of interest rates holds, what is the one-year interest rate expected one year from now, E(2r1)?
Expected one-year interest rate %

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