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Suppose we observe the following rates: ? 1 R 1 = 0 . 7 5 % , ? 1 R 2 = 1 . 2

Suppose we observe the following rates:

?_{1} R_{1} = 0.75 %, ?_{1} R_{2} = 1.20 %,

and

(

E_{2} r_{1}

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