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The Wall Street Journalreports that the rate on three-year Treasury securities is 3.40 percent and the rate on four-year Treasury securities is 2.65 percent. According to the unbiased expectations hypothesis, what does the market expect the one-year Treasury rate to be in year 4, E(4r1)
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The Wall Street Journalreports that the rate on three-year Treasury securities is 3.40 percent and t...
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