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You expect one-year nominal interest rates to be 1.2%, 4.3%, and 3.8% in each of the next three years, respectively. What rate do you expect
You expect one-year nominal interest rates to be 1.2%, 4.3%, and 3.8% in each of the next three years, respectively. What rate do you expect to show up on the yield curve as the 3-year rate? Report your answer as an annual rate in decimal format and show four decimal places. For example, if your answer is 5.35% per year, enter .0535
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