Question
The Wall Street Journal reports that the rate on 8-year Treasury securities is 1.80 percent and the rate on 9-year Treasury securities is 2.35 percent.
The Wall Street Journal reports that the rate on 8-year Treasury securities is 1.80 percent and the rate on 9-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 eight years from today, E(9r1)?
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Property Finance
Authors: Giacomo Morri, Antonio Mazza
1st Edition
1118764404, 978-1118764404
