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Your CFO expects interest rates to remain at 2% for this year before increasing to 3% for next year and 8% for the following year.

Your CFO expects interest rates to remain at 2% for this year before increasing to 3% for next year and 8% for the following year. Under the expectations hypothesis, what should be the rate for a three year loan? (express your answer as a decimal with 4 decimal places)

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