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Three-year Treasury securities yield 5.5%; and six-year Treasury securities yield 6.7%; If the pure expectations theory is correct, what does the market believe that three-year
Three-year Treasury securities yield 5.5%; and six-year Treasury securities yield 6.7%; If the pure expectations theory is correct, what does the market believe that three-year treasury securities will be yielding 3-years from now based on geometric average? ( (Note, if your answer is 12.34%, just enter your answer as 12.34)
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