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Term (years) Today's Rate 1 1.50% 2 1.75% 3 3.10% Based on the expectations hypothesis, what does the market expect the 1 year rate in

Term (years) Today's Rate 1 1.50% 2 1.75% 3 3.10%

Based on the expectations hypothesis, what does the market expect the 1 year rate in 2 years to be?

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6.15%

5.56%

3.91%

2.00%

5.85%

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