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The 1-year spot rate is 7%. The 1-year spot rate expected for next year is 5.0093% and the 1-year spot rate expected in two

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The 1-year spot rate is 7%. The 1-year spot rate expected for next year is 5.0093% and the 1-year spot rate expected in two years is 3.0282%. What are the 2-year and 3-year spot rates predicted by the pure expectations theory? Express your answers in percentage form rounded to the nearest percent. 2-year spot rate = 3-year spot rate = % %

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