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The yield on a one - year Treasury security is 5 . 6 1 0 0 % , and the two - year Treasury security

The yield on a one-year Treasury security is 5.6100%, and the two-year Treasury security has a 7.5735% yield. Assuming that the pure expectations theory is correct, what is the markets estimate of the one-year Treasury rate one year from now? (Note: Do not round your intermediate calculations.)
8.1375%
12.1583%
9.5735%
10.9138%

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