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The one-year spot interest rate is r 1 = 6.6% and the two-year rate is r 2 = 7.6%. If the expectations theory is correct,
| The one-year spot interest rate is r1 = 6.6% and the two-year rate is r2 = 7.6%. If the expectations theory is correct, what is the expected one-year interest rate in one years time? |
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Options Futures And Other Derivatives
Authors: John C. Hull
9th Edition
0133456315, 9780133456318
