According to the unbiased expectations theory of the term, Financial Management

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According to the unbiased expectations theory of the term

Question

A recent edition of The Wall Street Journal reported interest rates of 2.65 percent, 3.00 percent, 3.38 percent, and 3.65 percent for three-year, four-year, five-year, and six-year Treasury notes, respectively.

According to the unbiased expectations theory of the term structure of interest rates, what are the expected one-year rates during years 4, 5, and 6?

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Financial Management: According to the unbiased expectations theory of the term

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