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The one-year spot interest rate is expected one-year interest rate in rounded to 2 decimal places.) Expected interest rate 15.8%, and the two-year rate

The one-year spot interest rate is expected one-year interest rate in rounded to 2 decimal places.) Expected interest rate 15.8%, and the two-year rate is r2 -6.8%. If the expectations theory is correct, what is the one year's time? (Do not round intermediate calculations. Enter your answer as a percent

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