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The Wall Street Journal reports that the rate on 6-year Treasury securities is 1.95 percent and the rate on 8-year Treasury securities is 2.90 percent.

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The Wall Street Journal reports that the rate on 6-year Treasury securities is 1.95 percent and the rate on 8-year Treasury securities is 2.90 percent. According to the unbiased expectations theory, what does the market expect the 2-year Treasury rate to be six years from today, El672)? (Do not round intermediate calculations and round your answer to 2 decimal places.) Treasury rate %

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