Assume if the unbiased expectations theory is correct what


One-year Treasury bills currently earn 3.05 percent. You expected that one year from now, one-year Treasury bill rates will increase to 4.39 percent. Assume if the unbiased expectations theory is correct, what should the current rate be on two-year Treasury securities? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

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Financial Management: Assume if the unbiased expectations theory is correct what
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