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Term Structure A 2-year Treasury bill currently offers a 11% rate of retum. A 3-year Treasury note offers a 13% rate of return. Under the

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Term Structure A 2-year Treasury bill currently offers a 11% rate of retum. A 3-year Treasury note offers a 13% rate of return. Under the expectations theory, what rate of return do investors expect a 1-year Treasury bill to pay 2 year from now? The rate of return investors expect a 1-year Treasury bill to pay 2 years from now is % (Round to two decimal places)

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