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Mathematics, 18.10.2021 07:40 MarissaHuey
Assume that interest rates for one-year securities are expected to be 3 percent today, 6 percent one year from now, and 7 percent two years from now. Using only the pure expectations theory, what are the current interest rates on two-year and three-year securities?
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Assume that interest rates for one-year securities are expected to be 3 percent today, 6 percent one...
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