1. What are some of the tactics businesses that are illegal in the United States use to operate outside the law on the Internet?
2. EXPECTATIONS THEORY One-year Treasury securities yield 2.75%. The market anticipates that 1 year from now, 1-year Treasury securities will yield 5.85%. If the pure expectations theory is correct, what is the yield today for 2-year Treasury securities? Calculate the yield using a geometric average. Do not round your intermediate calculations. Round your answer to two decimal places.