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Suppose we observe the following rates: 1 R 1 = 6 . 7 % , 1 R 2 = 7 . 9 % . If

Suppose we observe the following rates: 1R1=6.7%,1R2=7.9%. 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)?
Note: Do not round intermediate calculations. Round your percentage answer to 2 decimal places (e.g.,32.16).
Expected one-year interest rate
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