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

The Wall Street Journal reports that the rate on 6-year Treasury securities is 1.65
percent and the rate on 8-year Treasury securities is 2.60 percent. According to the
unbiased expectations theory, what does the market expect the 2-year Treasury rate to
be six years from today, E(6r2)?(Do not round intermediate calculations. Round your
answer to 2 decimal places.)
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