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. The term structure of interest rates is as follows: 1-year rate = 6.4% 2-year rate = 6.1% 3-year rate 6.8% . . What does

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. The term structure of interest rates is as follows: 1-year rate = 6.4% 2-year rate = 6.1% 3-year rate 6.8% . . What does the market expect the one-year rate to be one year from today? Write your answer out to four decimals - for example, write 4.12% as .0412

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