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The one - year interest rate over the next five years are expected to be 5 % , 6 % , 7 % , 8

The one-year interest rate over the next five years are expected to be 5%,6%,7%,8%, and 9%. As per the expectation theory of
term structure, what is the interest rate on two-year bond?
A.11%
O .7%
C.6.5%
D.5.5%

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