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You are interested in buying 3-year Treasury bonds. If you expect one-year Treasuries to yield 1.8%, 3.1%, and 5.0% in each of the next three
You are interested in buying 3-year Treasury bonds. If you expect one-year Treasuries to yield 1.8%, 3.1%, and 5.0% in each of the next three years, respectively, what YTM do you expect for 3-year Treasuries? Report your answer as an annual rate in percentage form and show 2 decimal places.
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