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The Wall Street Journal reports that the rate on 5 - year Treasury securities is 1 . 8 0 percent and the rate on 6

The Wall Street Journal reports that the rate on 5-year Treasury securities is 1.80 percent and the rate on 6-year Treasury securities is 2.35 percent. According to the unbiased expectations theories, what does the market expect the 1-year Treasury rate to be five years from today, E(6r1)?(Do not round intermediate calculations. Round your answer to 2 decimal places.)
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