Question
The current rates on Treasury securities are as follows: 1 R 1 = 4.33%, 1 R 2 = 5.25%, 1 R 3 = 5.55%, and
The current rates on Treasury securities are as follows: 1R1 = 4.33%, 1R2 = 5.25%, 1R3 = 5.55%, and 1R4 = 6.01%. If the unbiased expectations theory holds, If you held a 4-year Treasury until maturity, what is the total return you will earn over the 4 year period?
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Public Finance
Authors: Harvey Rosen
6th International Edition
0071121234, 978-0071121231
