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terest rates on 4-year Treasury securities are currently 5.7%, while 6-year Treasury securities yield 7.55%. If the pure expectations theory is correct, what pes the

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terest rates on 4-year Treasury securities are currently 5.7%, while 6-year Treasury securities yield 7.55%. If the pure expectations theory is correct, what pes the market believe that 2-year securities will be yielding 4 years from now? Calculate the yield using a geometric average. Do not round intermediate alculations. Round your answer to two decimal places. 2.09 %

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