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The yield to maturity on one - year, zero - coupon bonds is 5 % . The yield to maturity on two - year, zero
The yield to maturity on oneyear, zerocoupon bonds is The yield to maturity on two
year, zerocoupon bonds is The yield to maturity on threeyear, zerocoupon bonds is
The yield to maturity on fouryear, zerocoupon bonds is According to the expectations
hypothesis, what is the markets expectation of the one year interest rate two years from now?
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