According to the unbiased expectations hypotheses what does


The Wall Street Journal reports that the rate on four-year Treasury securities is 2.1 percent and the rate on five-year Treasury securities is 3 percent. According to the unbiased expectations hypotheses, what does the market expect the one-year Treasury rate to be four years from today, E(5r1)?

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Financial Management: According to the unbiased expectations hypotheses what does
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