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Unbiased Expectation Theory 4.50% 4.00% 3.50% 3.00% 3 7 2.50% 8 2.00% -9 1.50% 30 1.00% 31 0.50% 32 33 0.00% year 1 year 5

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Unbiased Expectation Theory 4.50% 4.00% 3.50% 3.00% 3 7 2.50% 8 2.00% -9 1.50% 30 1.00% 31 0.50% 32 33 0.00% year 1 year 5 year 6 year 2 year 3 year 4 34 35 36 37 C) Comment on the graph 28. n

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