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The 1-year interest rate is 6.9%. The 1-year interest rate expected in 1 year is 5.3%. The 1-year interest rate expected in 2 years is

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The 1-year interest rate is 6.9%. The 1-year interest rate expected in 1 year is 5.3%. The 1-year interest rate expected in 2 years is 7.1%. What are the 2-year and 3-year interest rates predicted by the pure expectations theory? The two-year spot rate is %. (Round to two decimal places). The three-year spot rate is %. (Round to two decimal places)

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