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The one-year spot interest rate is r1=1.25% and the two-year interest rate is r2= 3.75%. If the expectation theory is correct, what is the expected

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The one-year spot interest rate is r1=1.25% and the two-year interest rate is r2= 3.75%. If the expectation theory is correct, what is the expected one-year interest rate in one year's time

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