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The one-year spot interest rate is r = 5%, and the two-year rate is r2 = 6%. If the expectations theory is correct, what is

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The one-year spot interest rate is r = 5%, and the two-year rate is r2 = 6%. If the expectations theory is correct, what is the expected one-year interest rate in one year's time? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Expected interest rate %

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