The current one-year t-bill rate is 30 percent and the


The current one-year T-bill rate is .30 percent and the expected one-year rate 12 months from now is 1.00 percent. According to the unbiased expectations theory, what should be the current rate for a two-year Treasury security? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16))

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Financial Management: The current one-year t-bill rate is 30 percent and the
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