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The1-year interest rate is 6.5%. The1-year interest rate expected in 1 year is 5.1%. The1-year interest rate expected in 2 years is 6.7%. What are
The1-year interest rate is 6.5%. The1-year interest rate expected in 1 year is 5.1%. The1-year interest rate expected in 2 years is 6.7%. What are the2-year and3-year interest rates predicted by the pure expectationstheory?
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