The interest rate on a two-year treasury security is 685, Financial Management

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The interest rate on a two-year treasury security is 685

The interest rate on a two-year treasury security is 6.85%, and the interest rate on a one-year treasury security is 6.08%. What is the expected interest rate on a one-year treasury security one year from now? State you answer as a percentage to two decimal places.

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Financial Management: The interest rate on a two-year treasury security is 685

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