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You observe the following yield curve for Treasury securities: Assume that the pure expectations hypothesis holds. What does the market expect will be the yield
You observe the following yield curve for Treasury securities: Assume that the pure expectations hypothesis holds. What does the market expect will be the yield on 3 -year securities, 2 year from today? 8.8% 8.3% 7.8% 7.3% 6.8%
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