Suppose the yield on a two-year Treasury security is 5.83%, and the yield on a...
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Suppose the yield on a two-year Treasury security is 5.83%, and the yield on a five-year Treasury security is 6.20%. Assuming that the pure expectations theory is correct, what is the market's estimate of the three-year Treasury rate two years from now? (Note: Do not round your intermediate calculations.) O 6.61% O 5.46% 07.10% O 6.45%
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