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Using liquidity premium theory, if the 1-year interest rates for the next three years are expected to be 4, 2, and 3 percent, and the

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Using liquidity premium theory, if the 1-year interest rates for the next three years are expected to be 4, 2, and 3 percent, and the 3-year term premium is 1 percent, than the 3-year bond rate will be %

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